Tourism, sustainability, and the economy in Bangladesh: The innovation connection amidst Covid-19

Sakib Bin Amin and Farhad Taghizadeh-Hesary

Economic Analysis and Policy, 2023, vol. 79, issue C, 153-167

Abstract: This paper aims to analyse the relationships among tourism, sustainability, and innovation in the Bangladesh economy. Based on annual data covering 1980 to 2019, we apply robust and standard time series econometric techniques and reveal that innovation and sustainability are significantly linked with tourism in Bangladesh. Furthermore, we use Computable General Equilibrium (CGE) modelling method to find the impact of the Covid-19 pandemic on the tourism industry. We find that the tourism industry is one of the highly affected industries in Bangladesh. As a recovery strategy, we reveal that innovation efficiency and government stimulus packages are much more effective in tackling the pandemic’s adverse impacts. Based on the holistic analysis, we also provide key policy suggestions for the sustainable development of the tourism industry.

Keywords: Tourism; Innovation; Sustainability; Covid-19; Time series econometrics; CGE. sustainable development; Bangladesh (search for similar items in EconPapers)
JEL-codes: C13 C51 C52 C68 E16 E17 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:79:y:2023:i:c:p:153-167

DOI: 10.1016/j.eap.2023.06.018

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