Impact of Tourism on Poverty Reduction - Evidence from an Emerging Tourism Market

Le Tung and Le Kien Cuong

Montenegrin Journal of Economics, 2020, vol. 16, issue 3, 45-55

Abstract: There are few studies focusing on the effect of tourism on poverty in the emerging tourism markets, however, there is no empirical evi-dence in Vietnam. Our paper is the first one that aims to investigate the impact of tourism on poverty with a new database collected from 61 provinces in Vietnam over the period 2010–2018. The empirical result strongly shows that tourism has a negative and significant impact on poverty in all estimated models. It means that a higher in tourism revenue can lead to a lower poverty rate in the provinces. Besides, labour force and education are found to have a negative and significant effect on poverty. Although foreign direct investment has a negative impact on poverty, however, the coeffi-cients are not significant. Finally, we have some conclusions and implications for policymakers to sustainably reduce the poverty rate of households in the future.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://repec.mnje.com/mje/2020/v16-n03/mje_2020_v16-n03-a14.pdf (application/pdf)

Related works:
Working Paper: Impact of Tourism on Poverty Reduction: Evidence from an Emerging Tourism Market (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:16:y:2020:i:3:45-55

Access Statistics for this article

Montenegrin Journal of Economics is currently edited by Veselin Draskovic

More articles in Montenegrin Journal of Economics from Economic Laboratory for Transition Research (ELIT)
Bibliographic data for series maintained by Nikola Draskovic Jelcic ().