Sara, I Made and DHARMANEGARA, Ida Bagus Agung and KORRI, I Nyoman Sugawa The Dynamics of International Tourism and Economic Growth Convergence in ASEAN+3. Journal of Environmental Management and Tourism, 9 (4). p. 2018.
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Abstract
This study aims to analyze the impact of the tourism sector on economic growth and to identify the convergence of economic growth both in absolute and conditional of ASEAN + 3 countries. The analytical method used is Arellano-Bond Generalized Method of Moment (AB-GMM) with the period of 2003-2015 for 13 ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam plus China, Republic of Korea and Japan. The variables used are Gross Domestic Product (GDP) and International Tourist Arrival. The results show that conditional convergence beta by entering tourism indicator has the speed of convergence process in economic growth compared to without entering the tourism indicator. However, the half-life that needed is long enough to achieve steady-state conditions, and it is important to get the attention of policymakers and relevant stakeholders in accelerating the achievement of growth targets through tourism.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | inbound tourism; economic growth; Beta convergence; dynamic panel AB-GMM |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Institution of Research and Community Service (LP2M) > Economics and Development Studies |
| Depositing User: | I Putu Astina |
| Date Deposited: | 14 Jan 2022 05:58 |
| Last Modified: | 14 Jan 2022 05:58 |
| URI: | http://repository.warmadewa.ac.id/id/eprint/1466 |
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