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Wijijayanti, T. (2021). Does Tourism Development Matter for the Economic Growth of Southeast Asian Countries?. KnE Social Sciences, 5(8), 398–410. https://doi.org/10.18502/kss.v5i8.9391

https://doi.org/10.18502/kss.v5i8.9391

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authors

  • Trisetia Wijijayanti

    Trisetia Wijijayanti

    Faculty of Economic and Management, Universiti Kebangsaan Malaysia

Published Date

  • Jul 14, 2021

Does Tourism Development Matter for the Economic Growth of Southeast Asian Countries?

KnE Social Sciences / International Research Conference on Economics and Business / Pages 398–410

Abstract

Tourism can be a positive trigger to stimulate economic activities and growth. This study examined the relationships between domestic tourism spending, international tourism receipts and the economic growth of eight Southeast Asian countries from 1995-2018 using a Pedroni cointegration test, fully-modified OLS (FMLOS), dynamic OLS (DOLS) and Granger causality tests. The results showed a strong long-term relationship between economic growth, domestic tourism spending and international tourism receipts. Based on the results, Southeast Asian countries should increase tourism development to improve economic growth.


Keywords: economic growth, domestic tourism, international tourism, tourism development

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