IDEAS home Printed from https://ideas.repec.org/a/vrs/manmen/v23y2019i2p223-237n13.html
   My bibliography  Save this article

Analysing economic contribution of tourism: insights from selected Southeast Asian countries

Author

Listed:
  • Hieu Vu Minh

    (Van Lang University, Faculty of Commerce and Business Administration, Vietnam)

  • Yen Hua Thi Bach

    (Student at Ho Chi Minh Open University, Vietnam)

Abstract

Tourism is a potential sector that can contribute positively to economic growth if properly managed. The southeast Asian countries have identified tourism as a key sector that can enable them to achieve sustainable economic growth. This study analysed the economic contribution of tourism in five southeast Asian countries (Indonesia, Malaysia, Singapore, Thailand and Vietnam). The paper aims to evaluate economic contribution of tourism in South Asiancountries by using secondary data covering 2008-2017 collected from world travel and tourism council database to draw insights about the subject. Descriptive statistics in form of tables, charts, mean and standard deviation were used for comparative analyses. Overall score indicated that Thailand is the best performer with respect to the economic contribution of tourism among the sample southeast Asian countries during the period 2008-2017. The study proposed six recommendations to managers and policymakers in the tourism sectors in Southeast Asia.

Suggested Citation

  • Hieu Vu Minh & Yen Hua Thi Bach, 2019. "Analysing economic contribution of tourism: insights from selected Southeast Asian countries," Management, Sciendo, vol. 23(2), pages 223-237, December.
    • Handle: RePEc:vrs:manmen:v:23:y:2019:i:2:p:223-237:n:13
    DOI: 10.2478/manment-2019-0028
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/manment-2019-0028
    Download Restriction: no
    File URL: https://libkey.io/10.2478/manment-2019-0028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Massidda, Carla & Etzo, Ivan, 2012. "The determinants of Italian domestic tourism: A panel data analysis," Tourism Management, Elsevier, vol. 33(3), pages 603-610.
    2. Jacint Balaguer & Manuel Cantavella-Jorda, 2002. "Tourism as a long-run economic growth factor: the Spanish case," Applied Economics, Taylor & Francis Journals, vol. 34(7), pages 877-884.
    3. Shahzad, Syed Jawad Hussain & Shahbaz, Muhammad & Ferrer, Román & Kumar, Ronald Ravinesh, 2017. "Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach," Tourism Management, Elsevier, vol. 60(C), pages 223-232.
    4. Jianwei Qian & Huawen Shen & Rob Law, 2018. "Research in Sustainable Tourism: A Longitudinal Study of Articles between 2008 and 2017," Sustainability, MDPI, vol. 10(3), pages 1-13, 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. Konstantakopoulou, Ioanna, 2022. "Does health quality affect tourism? Evidence from system GMM estimates," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 425-440.
    2. Garrod Brian & Almeida António & Machado Luiz, 2023. "Modelling of nonlinear asymmetric effects of changes in tourism on economic growth in an autonomous small-island economy," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 13(2), pages 154-172, December.
    3. Niccolò Comerio & Fernanda Strozzi, 2019. "Tourism and its economic impact: A literature review using bibliometric tools," Tourism Economics, , vol. 25(1), pages 109-131, February.
    4. Hasan Murat Ertugrul & Fatih Mangir, 2015. "The tourism-led growth hypothesis: empirical evidence from Turkey," Current Issues in Tourism, Taylor & Francis Journals, vol. 18(7), pages 633-646, July.
    5. Yong Su & Jacob Cherian & Muhammad Safdar Sial & Alina Badulescu & Phung Anh Thu & Daniel Badulescu & Sarminah Samad, 2021. "Does Tourism Affect Economic Growth of China? A Panel Granger Causality Approach," Sustainability, MDPI, vol. 13(3), pages 1-12, January.
    6. Waheed Ahmad & Tariq Majeed & Zubaria Andlib, 2020. "Tourism Led Growth Hypothesis: Empirical Evidence From Five South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 9(1), pages 51-59, March.
    7. Osinubi, Tolulope Temilola & Osinubi , Olufemi Bankole, 2020. "Inclusive Growth in Tourism-led Growth Hypothesis: Evidence from Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2), July.
    8. Wanjun Xia & Buhari Doğan & Umer Shahzad & Festus Fatai Adedoyin & Abiodun Popoola & Muhammad Adnan Bashir, 2022. "An empirical investigation of tourism-led growth hypothesis in the European countries: evidence from augmented mean group estimator," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(2), pages 239-266, May.
    9. Pablo Juan Cárdenas-García & Juan Gabriel Brida & Verónica Segarra, 2024. "A qualitative dynamic analysis of the relationship between tourism and human development," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    10. Rijia Ding & Meng Huang, 2021. "The Spatial Difference of “Internet plus Tourism” in Promoting Economic Growth," Sustainability, MDPI, vol. 13(21), pages 1-17, October.
    11. Jorge V Pérez-Rodríguez & Heiko Rachinger & María Santana-Gallego, 2022. "Does tourism promote economic growth? A fractionally integrated heterogeneous panel data analysis," Tourism Economics, , vol. 28(5), pages 1355-1376, August.
    12. Theodore Panagiotidis & Maurizio Mussoni & Georgios Voucharas, 2023. "How Important is Tourism for Growth?," Working Paper series 23-13, Rimini Centre for Economic Analysis.
    13. Bernardina Algieri & Antonio à lvarez, 2023. "Assessing the ability of regions to attract foreign tourists: The case of Italy," Tourism Economics, , vol. 29(3), pages 788-811, May.
    14. Baidoo, Francis & Pan, Lei & Fiador, Vera Ogeh Lassey & Agbloyor, Elikplimi Komla, 2022. "Importing to Feed International Tourists: Growth Implications for Islands across the Globe," MPRA Paper 111964, University Library of Munich, Germany.
    15. Jun Zhang & Li Cheng, 2019. "Threshold Effect of Tourism Development on Economic Growth Following a Disaster Shock: Evidence from the Wenchuan Earthquake, P.R. China," Sustainability, MDPI, vol. 11(2), pages 1-22, January.
    16. Portella-Carbó, Ferran & Pérez-Montiel, Jose & Ozcelebi, Oguzhan, 2023. "Tourism-led economic growth across the business cycle: Evidence from Europe (1995–2021)," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1241-1253.
    17. Jorge V Pérez-Rodríguez & María Santana-Gallego, 2020. "Modelling tourism receipts and associated risks, using long-range dependence models," Tourism Economics, , vol. 26(1), pages 70-96, February.
    18. Obed I. Ojonta & Jonathan E. Ogbuabor, 2024. "Effects of international tourism on environmental quality and renewable energy use in Africa: a study of the moderating role of governance institutions," Economic Change and Restructuring, Springer, vol. 57(4), pages 1-37, August.
    19. Sarantis Lolos & Panagiotis Palaios & Evangelia Papapetrou, 2023. "Tourism-led growth asymmetries in Greece: evidence from quantile regression analysis," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(1), pages 125-148, January.
    20. Syed Jawad Hussain Shahzad & Román Ferrer, 2020. "Dynamic spillover effects among tourism, economic growth and macro-finance risk factors," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 173-194, September.

    More about this item

    Keywords

    Gross domestic product; employment; visitor exports; investment; Southeast Asia;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • Z30 - Other Special Topics - - Tourism Economics - - - General

    Statistics

    Access and download statistics

    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:vrs:manmen:v:23:y:2019:i:2:p:223-237:n:13. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.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.