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Influence of Tourism on Economic Development in Asian Countries

Author

Listed:
  • Wen-Chuan FU

    (Chung Yuan Christian University)

  • Chia-Jui PENG

    (Chung Yuan Christian University)

  • Tzu-Yi YANG

    (Ming Chi University of Technology)

Abstract

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries.Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

Suggested Citation

  • Wen-Chuan FU & Chia-Jui PENG & Tzu-Yi YANG, 2020. "Influence of Tourism on Economic Development in Asian Countries," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(2), pages 207-216, December.
    • Handle: RePEc:rom:merase:v:5:y:2020:i:2:p:207-216
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    File URL: https://mer.ase.ro/files/2020-2/5-2-2.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    tourism receipts; GDP; exchange rates; tourist arrivals;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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