IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v12y2024i9p236-d1470673.html

Air Transport Resilience, Tourism and Its Impact on Economic Growth

Author

Listed:
  • Chien-Van Nguyen

    (Institute of Graduate Studies, Thu Dau Mot University, Thu Dau Mot 820000, Binh Duong, Vietnam)

Abstract

The aims of this study are to evaluate the influence of air transport and tourism on economic growth in selected Southeast Asian countries such as Thailand, Philippines, Vietnam, Indonesia, Malaysia, and Singapore in the period 1970 to 2021. The study applies the ordinary least squares (OLS), fixed effects (FEM), and random effects (REM), especially to robustness test of the research results by deploying the DOLS, and IV-GMM regression for endogeneity and autocorrelation analysis. The research results confirmed that air transport has a significant and positive impact on economic growth, especially because the positive impact increased in normal economic conditions and decreased during the COVID-19 pandemic. Therefore, if the air transport recovers, it is likely to boost economic development. In addition, there is no impact of tourism on economic growth. The research results also confirmed the positive impact of foreign direct investment and international trade on the economic growth of Southeast Asian countries; however, there is a negative impact of renewable energy consumption on economic growth.

Suggested Citation

  • Chien-Van Nguyen, 2024. "Air Transport Resilience, Tourism and Its Impact on Economic Growth," Economies, MDPI, vol. 12(9), pages 1-18, September.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:236-:d:1470673
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/12/9/236/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/12/9/236/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rosdiana Sijabat, 2023. "The Association between Foreign Investment and Gross Domestic Product in Ten ASEAN Countries," Economies, MDPI, vol. 11(7), pages 1-21, July.
    2. Faiza Manzoor & Longbao Wei & Muhammad Asif & Muhammad Zia ul Haq & Hafiz ur Rehman, 2019. "The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan," IJERPH, MDPI, vol. 16(19), pages 1-14, October.
    3. Daniela Nicoleta Sahlian & Adriana Florina Popa & Raluca Florentina Creţu, 2021. "Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis," Energies, MDPI, vol. 14(16), pages 1-16, August.
    4. Van Chien Nguyen & Thi Ngoc Thuan Huynh, 2023. "Characteristics of the Board of Directors and Corporate Financial Performance—Empirical Evidence," Economies, MDPI, vol. 11(2), pages 1-15, February.
    5. Sumbal Fatima & Bateer Chen & Muhammad Ramzan & Qamar Abbas, 2020. "The Nexus Between Trade Openness and GDP Growth: Analyzing the Role of Human Capital Accumulation," SAGE Open, , vol. 10(4), pages 21582440209, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Talal H. Alsabhan & Muhammad Tahir & Umar Burki & Talal F. Abuhulaibah & Zeyad K. Alnahedh & Mohammad Jaboob, 2025. "International Tourism and Economic Growth: Exploring the Unexplored for the ASEAN Region," Economies, MDPI, vol. 13(10), pages 1-16, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Valentin C. Mihai & Diana E. Dumitras & Camelia Oroian & Gabriela O. Chiciudean & Felix H. Arion & Iulia Cristina Mureșan, 2023. "Exploring the Factors Involved in Tourists’ Decision-Making and Determinants of Length of Stay," Administrative Sciences, MDPI, vol. 13(10), pages 1-14, October.
    2. Ran Wu & Hongjun Zeng & Mohammad Zoynul Abedin & Abdullahi D Ahmed, 2025. "The impact of extreme climate on tourism sector international stock markets: A quantile and time-frequency perspective," Tourism Economics, , vol. 31(8), pages 1598-1628, December.
    3. Murăraşu Ioan-Cătălin, 2023. "The Impact of Trade Flows on Economic Development in the Black Sea region," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 266-275, July.
    4. Wei Wang & Kehui Wei & Oleksandr Kubatko & Vladyslav Piven & Yulija Chortok & Oleksandr Derykolenko, 2023. "Economic Growth and Sustainable Transition: Investigating Classical and Novel Factors in Developed Countries," Sustainability, MDPI, vol. 15(16), pages 1-15, August.
    5. Saima Javed & Yu Rong & Hafiz Muhammad Ihsan Zafeer & Samra Maqbool & Babar Nawaz Abbasi, 2024. "Unleashing the potential: a quest to understand and examine the factors enriching research and innovation productivities of South Asian universities," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    6. Michael Edward Allkins & Tshepo Johannes Chauke & Portia Pearl Siyanda Sifolo, 2025. "Delivering Extraordinary Adventure Experiences During the “Chthulucene”: Circular Economy Challenges and Digital Solutions for the Environmentally Conscious Visitor," Sustainability, MDPI, vol. 17(2), pages 1-14, January.
    7. Gangwei Cai & Baoping Zou & Xiaoting Chi & Xincheng He & Yuang Guo & Wen Jiang & Qian Wu & Yujin Zhang & Yanna Zhou, 2023. "Neighborhood Spatio-Temporal Impacts of SDG 8.9: The Case of Urban and Rural Exhibition-Driven Tourism by Multiple Methods," Land, MDPI, vol. 12(2), pages 1-37, January.
    8. Shaobin, Guo & Ahmad, Khalil & Khan, Naqib Ullah, 2024. "Natural resources, geopolitical conflicts, and digital trade: Evidence from China," Resources Policy, Elsevier, vol. 90(C).
    9. Chebli Mongi & Kais Saidi, 2024. "The Impact of Corruption, Government Effectiveness, FDI, and GFC on Economic Growth: New Evidence from Global Panel of 48 Middle-Income Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 10696-10721, September.
    10. Nisit Manotungvorapun & Nathasit Gerdsri, 2025. "Roadmap Toward Sustainable Tourism Development: An Evidence- and Knowledge-Based Approach from Thailand," Sustainability, MDPI, vol. 17(13), pages 1-17, July.
    11. Brice Tseen Fu Lee & Juan Pablo Sims & Yun-Tso Lee, 2025. "BRICS Expansion: Threat or Opportunity for ASEAN?," India Quarterly: A Journal of International Affairs, , vol. 81(2), pages 130-157, June.
    12. Feng, Xinzhen & Zhou, Dequn & Hussain, Tufail, 2024. "An investigation of fintech governance, natural resources and government stability on sustainability: Policy suggestions under the SDGs theme," Resources Policy, Elsevier, vol. 96(C).
    13. Micaela Naledi Monyela & Charles Shaaba Saba, 2024. "Trade openness, economic growth and economic development nexus in South Africa: a pre- and post-BRICS analysis," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-18, December.
    14. Uktam Umurzakov & Shakhnoza Tosheva & Raufhon Salahodjaev, 2023. "Tourism and Sustainable Economic Development: Evidence from Belt and Road Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 503-516, March.
    15. Godwin Omoregbee & Professor Matthew Adeolu Abata & Chief Oye Akinsulire & Ogunjobi Adeyinka Babatunde, 2025. "“The Impact of Trade Openness on Sectoral Performance in Nigeria: Insights for Sustainable Economic Growthâ€," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(1), pages 1584-1615, January.
    16. Mini P. Thomas & Archana Srivastava & Keerti Mallela, 2023. "Tourism Exports, Digitalisation, and Employment during the COVID-19 Pandemic: The Case of Indonesia," Working Papers DP-2023-19, Economic Research Institute for ASEAN and East Asia (ERIA).
    17. Muddassar Bilal & Ammar Alawadh & Nosheen Rafi & Shamim Akhtar, 2024. "Analyzing the Impact of Vision 2030’s Economic Reforms on Saudi Arabia’s Consumer Price Index," Sustainability, MDPI, vol. 16(21), pages 1-20, October.
    18. Marie Kris Giango & Rodel Hintapan & Michael Suson & Ivy Batican & Looverville Quiño & Ludimie Capuyan & Jose Marie Anoos & Jannen Batoon & Joerabell Lourdes Aro & Fatima Maturan & Kafferine Yamagishi, 2022. "Local Support on Sports Tourism Development: An Integration of Emotional Solidarity and Social Exchange Theory," Sustainability, MDPI, vol. 14(19), pages 1-26, October.
    19. Olena STRYZHAK & Ramazan SAYAR & Yılmaz Onur ARI, 2022. "Geopolitical risks, GDP and tourism: an ARDL-ECM cointegration study on Ukraine," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 14(1), pages 85-113, May.
    20. Amneh Hardan & Ghassan Daas & Abdulnaser Nour & Abdullateef Abudiak, 2026. "Board characteristics, ownership structure, and financial sustainability: evidence from Palestine and Jordan," Future Business Journal, Springer, vol. 12(1), pages 1-26, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:236-:d:1470673. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.