IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v12y2024i9p236-d1470673.html
   My bibliography  Save this article

Air Transport Resilience, Tourism and Its Impact on Economic Growth

Author

Listed:
  • Chien-Van Nguyen

    (Institute of Graduate Studies, Thu Dau Mot University, Thu Dau Mot 820000, Binh Duong, Vietnam)

Abstract

The aims of this study are to evaluate the influence of air transport and tourism on economic growth in selected Southeast Asian countries such as Thailand, Philippines, Vietnam, Indonesia, Malaysia, and Singapore in the period 1970 to 2021. The study applies the ordinary least squares (OLS), fixed effects (FEM), and random effects (REM), especially to robustness test of the research results by deploying the DOLS, and IV-GMM regression for endogeneity and autocorrelation analysis. The research results confirmed that air transport has a significant and positive impact on economic growth, especially because the positive impact increased in normal economic conditions and decreased during the COVID-19 pandemic. Therefore, if the air transport recovers, it is likely to boost economic development. In addition, there is no impact of tourism on economic growth. The research results also confirmed the positive impact of foreign direct investment and international trade on the economic growth of Southeast Asian countries; however, there is a negative impact of renewable energy consumption on economic growth.

Suggested Citation

  • Chien-Van Nguyen, 2024. "Air Transport Resilience, Tourism and Its Impact on Economic Growth," Economies, MDPI, vol. 12(9), pages 1-18, September.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:236-:d:1470673
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/12/9/236/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/12/9/236/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Faiza Manzoor & Longbao Wei & Muhammad Asif & Muhammad Zia ul Haq & Hafiz ur Rehman, 2019. "The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan," IJERPH, MDPI, vol. 16(19), pages 1-14, October.
    2. Daniela Nicoleta Sahlian & Adriana Florina Popa & Raluca Florentina Creţu, 2021. "Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis," Energies, MDPI, vol. 14(16), pages 1-16, August.
    3. Van Chien Nguyen & Thi Ngoc Thuan Huynh, 2023. "Characteristics of the Board of Directors and Corporate Financial Performance—Empirical Evidence," Economies, MDPI, vol. 11(2), pages 1-15, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Valentin C. Mihai & Diana E. Dumitras & Camelia Oroian & Gabriela O. Chiciudean & Felix H. Arion & Iulia Cristina Mureșan, 2023. "Exploring the Factors Involved in Tourists’ Decision-Making and Determinants of Length of Stay," Administrative Sciences, MDPI, vol. 13(10), pages 1-14, October.
    2. Wei Wang & Kehui Wei & Oleksandr Kubatko & Vladyslav Piven & Yulija Chortok & Oleksandr Derykolenko, 2023. "Economic Growth and Sustainable Transition: Investigating Classical and Novel Factors in Developed Countries," Sustainability, MDPI, vol. 15(16), pages 1-15, August.
    3. Uktam Umurzakov & Shakhnoza Tosheva & Raufhon Salahodjaev, 2023. "Tourism and Sustainable Economic Development: Evidence from Belt and Road Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 503-516, March.
    4. Olena STRYZHAK & Ramazan SAYAR & Yılmaz Onur ARI, 2022. "Geopolitical risks, GDP and tourism: an ARDL-ECM cointegration study on Ukraine," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 14(1), pages 85-113, May.
    5. Muhammad Atif & Afaq Ali Khan & Sibghatullah & Saeed Ahmed & Muhammad Yaqoob, 2024. "Socio-Economic Inclusion and Sustainable Economic Growth: An Evidence from Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 70-77.
    6. Błażej Suproń & Janusz Myszczyszyn, 2023. "Impact of Renewable and Non-Renewable Energy Consumption and CO 2 Emissions on Economic Growth in the Visegrad Countries," Energies, MDPI, vol. 16(20), pages 1-20, October.
    7. Hyunjoon Kim & Jinkyung Jenny Kim & Muhammad Asif, 2019. "The Antecedents and Consequences of Travelers’ Well-Being Perceptions: Focusing on Chinese Tourist Shopping at a Duty Free," IJERPH, MDPI, vol. 16(24), pages 1-22, December.
    8. Madaleno, Mara & Ahmed, Zahoor & Doğan, Buhari & Javeed, Saba & Vasa, László, 2023. "The aptness of import-led growth hypothesis for sustainable development in South Asia: Do energy utilization and natural resources matter?," Resources Policy, Elsevier, vol. 86(PB).
    9. Meng-Chang Jong & Ann-Ni Soh & Chin-Hong Puah, 2022. "Tourism Sustainability: Climate Change and Carbon Dioxide Emissions in South Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 412-417, November.
    10. Abdullah Addas, 2023. "Influence of Urban Green Spaces on Quality of Life and Health with Smart City Design," Land, MDPI, vol. 12(5), pages 1-19, April.
    11. Xiaorong He & Jizhi Shi & Haichao Xu & Chaoyue Cai & Qiangsheng Hu, 2022. "Tourism Development, Carbon Emission Intensity and Urban Green Economic Efficiency from the Perspective of Spatial Effects," Energies, MDPI, vol. 15(20), pages 1-23, October.
    12. Nora Zulvianti & Hasdi Aimon & Abror Abror, 2022. "The Influence of Environmental and Non-Environmental Factors on Tourist Satisfaction in Halal Tourism Destinations in West Sumatra, Indonesia," Sustainability, MDPI, vol. 14(15), pages 1-17, July.
    13. Muhammad Amin Hasan & Mr. Abdullah & Muhammad Arsalan Hashmi & Ali Sajid, 2022. "International Remittances and International Tourism Development in South Asia: The Moderating Role of Political Stability," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 177-187.
    14. Geng, Yuqing & Zhang, Xiaorui & Gao, Juan & Yan, Yan & Chen, Lingyan, 2024. "Bibliometric analysis of sustainable tourism using CiteSpace," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    15. Yanfei Lei & Chao Xu & Yunpeng Wang & Xulong Liu, 2024. "Grid Model of Energy Consumption Using Random Forest by Integrating Data on the Nighttime Light, Population, and Urban Impervious Surface (2000–2020) in the Guangdong–Hong Kong–Macau Greater Bay Area," Energies, MDPI, vol. 17(11), pages 1-18, May.
    16. Yugang He & Panpan Huang, 2022. "Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China," Sustainability, MDPI, vol. 14(13), pages 1-16, July.
    17. Gangwei Cai & Baoping Zou & Xiaoting Chi & Xincheng He & Yuang Guo & Wen Jiang & Qian Wu & Yujin Zhang & Yanna Zhou, 2023. "Neighborhood Spatio-Temporal Impacts of SDG 8.9: The Case of Urban and Rural Exhibition-Driven Tourism by Multiple Methods," Land, MDPI, vol. 12(2), pages 1-37, January.
    18. Marie Kris Giango & Rodel Hintapan & Michael Suson & Ivy Batican & Looverville Quiño & Ludimie Capuyan & Jose Marie Anoos & Jannen Batoon & Joerabell Lourdes Aro & Fatima Maturan & Kafferine Yamagishi, 2022. "Local Support on Sports Tourism Development: An Integration of Emotional Solidarity and Social Exchange Theory," Sustainability, MDPI, vol. 14(19), pages 1-26, October.
    19. Ángel Acevedo-Duque & Gonzalo R. Llanos-Herrera & Elizabeth Emperatriz García-Salirrosas & Selene Simón-Isidoro & Agustín Pablo Álvarez-Herranz & Rina Álvarez-Becerra & Lisette C. Sánchez Díaz, 2022. "Scientometric Analysis of Hiking Tourism and Its Relevance for Wellbeing and Knowledge Management," IJERPH, MDPI, vol. 19(14), pages 1-21, July.
    20. Gangwei Cai & Min Zhang & Xiandu Zhang & Huijian Xi & Zhong Chen & Chao Liu & Kang Liu & Ke Liu & Shiwen Xu & Zuoping Yu, 2023. "Promoting Green Buildings and Low-Carbon Design Strategies of Green B&B Rooms for Sustainable Tourism after COVID-19," Land, MDPI, vol. 12(3), pages 1-17, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:236-:d:1470673. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.