Analysing economic contribution of tourism: insights from selected Southeast Asian countries
 
More details
Hide details
1
Van Lang University, Faculty of Commerce and Business Administration, Vietnam
 
2
Student at Ho Chi Minh Open University, Vietnam
 
 
Online publication date: 2019-12-21
 
 
Management 2019;23(2):223-237
 
KEYWORDS
JEL CLASSIFICATION CODES
M10
Z30
 
ABSTRACT
Tourism is a potential sector that can contribute positively to economic growth if properly managed. The southeast Asian countries have identified tourism as a key sector that can enable them to achieve sustainable economic growth. This study analysed the economic contribution of tourism in five southeast Asian countries (Indonesia, Malaysia, Singapore, Thailand and Vietnam). The paper aims to evaluate economic contribution of tourism in South Asiancountries by using secondary data covering 2008-2017 collected from world travel and tourism council database to draw insights about the subject. Descriptive statistics in form of tables, charts, mean and standard deviation were used for comparative analyses. Overall score indicated that Thailand is the best performer with respect to the economic contribution of tourism among the sample southeast Asian countries during the period 2008-2017. The study proposed six recommendations to managers and policymakers in the tourism sectors in Southeast Asia.
 
REFERENCES (15)
1.
Baker, D.M.A (2013). Understanding the Economic Impact of Tourism in the Asian Pacific Region Using the Tourism Satellite Account (TSA). International Journal of Business and Social Science, 4(3), 15-22.
 
2.
Balaguer, J. & Cantavella-Jorda, M. (2002). Tourism as a Long-Run Economic Growth Factor: The Spanish Case. Applied Economics, 34, 877-884.
 
3.
Chheang, V. (2013). Tourism and regional integration in Southeast Asia. Institute of Development Economies, 481, 1-93.
 
4.
Haller, A. (2012). Growth and development through tourism in conditions of liberalization. Theories and concepts. Paper presented at the 14th International Conference” Romanian rural tourism in the context of sustainable development: present and prospects”, Vatra Dornei, Romania, 25-26 May 2012.
 
5.
Hitchcock, M., King, V.T., & Parnwell, M. (2009). Introduction: ‘Tourism in Southeast Asia’ revisited. In M. Hitchcock, V. T. King & M. Parnwell (Eds.), Tourism in Southeast Asia: Challenges and new directions (pp. 1-42). Copenhagen, Denmark: NIAS Press.
 
6.
Kim, H.J. & Chen, M.H. (2006). Tourism Expansion and Economic Development: The Case of Taiwan. Tourism Management, 27, 925-933.
 
7.
Massidda, C. & Etzo, I. (2012) The Determinants of Italian Domestic Tourism: A Panel Data Analysis. Tourism Management, 33, 603-610.
 
8.
Oh, C. O. (2005). The Contribution of Tourism Development to Economic Growth in the Korean Economy. Tourism Management, 26, 39-44.
 
9.
Qian, J., Shen, H. & Law, R. (2018). Research in Sustainable Tourism: A Longitudinal Study of Articles between 2008 and 2017. Sustainability, 10(590), 1-13.
 
10.
Robaina-Alves, M., Moutinho, V., & Costa, R. (2016). Change in energy-related CO2 (carbon dioxide) emissions in Portuguese tourism: a decomposition analysis from 2000 to 2008. Journal of Cleaner Production, 111, 520-528.
 
11.
Shahzad, S.J.H., Shahbaz, M., Ferrer, R., & Kumar, R.R. (2017). Tourismled growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach. Tourism Management, 60, 223-232.
 
13.
WTTC (2018). retrieved from https://tool.wttc.org accessed on 16th February 2019.
 
eISSN:2299-193X
ISSN:1429-9321 (1997-2019)
Journals System - logo
Scroll to top