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Tourism, Exports and FDI as a Means of Growth: Evidence from four Asian Countries

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  • Aviral Kumar Tiwari

    ()
    (Faculty of Management, ICFAI University, Tripura, India)

Abstract

This study examines the impact of tourism receipts, exports and foreign direct investment on economic growth on four ASIAN countries namely India, China, Pakistan and Russia. By employing Panel ordinary least squares estimation technique in log linear model, study finds that the tourism has positive impact and FDI has negative impact on economic growth in four ASIAN while impact of exports of goods and services on economic growth is inconclusive. In addition to that, we find that human capital and physical capital have positive impact on economic growth of these countries.

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Bibliographic Info

Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

Volume (Year): 14 (2011)
Issue (Month): 40 (June)
Pages: 131-151

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Handle: RePEc:rej:journl:v:14:y:2011:i:40:p:131-151

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Keywords: Tourism; FDI; Exports; Economic Growth; ASIAN countries;

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References

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Cited by:
  1. Jalil, Abdul & Mahmood, Tahir & Idrees, Muhammad, 2013. "Tourism–growth nexus in Pakistan: Evidence from ARDL bounds tests," Economic Modelling, Elsevier, vol. 35(C), pages 185-191.

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