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Full-Text Articles in Macroeconomics
Tourism And Economic Development In Asean 1998-2013, Umara Ardra, Berly Martawardaya
Tourism And Economic Development In Asean 1998-2013, Umara Ardra, Berly Martawardaya
Economics and Finance in Indonesia
Many countries support government policies to encourage tourism sector, including ASEAN countries, due to an assumption that tourism contributes positively to GDP and poverty reduction. This study investigates that assumption, as well as the correlation between tourism and HDI, by applying panel data regression to eight ASEAN countries (Brunei Darussalam, Indonesia, Laos Singapore, Malaysia, Thailand, the Philippines, and Vietnam,) during 1998-2013. We found that the number of international tourist arrivals as a proxy variable for tourism have a significant and positive correlation with poverty reduction. Tourism is also proven to increase GDP per capita (albeit in a smaller magnitude) and …