Influence of Tourism on Economic Development in Asian Countries

Wen-Chuan Fu (), Chia-Jui Peng () and Tzu-Yi Yang
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Wen-Chuan Fu: Chung Yuan Christian University
Chia-Jui Peng: Chung Yuan Christian University

Management and Economics Review, 2020, vol. 5, issue 2, 207-216

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.

Keywords: tourism receipts; GDP; exchange rates; tourist arrivals (search for similar items in EconPapers)
JEL-codes: F63 L83 Z32 (search for similar items in EconPapers)
Date: 2020
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