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

Author

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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.

Suggested Citation

  • Aviral Kumar Tiwari, 2011. "Tourism, Exports and FDI as a Means of Growth: Evidence from four Asian Countries," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(40), pages 131-151, June.
  • Handle: RePEc:rej:journl:v:14:y:2011:i:40:p:131-151
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    References listed on IDEAS

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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.
    2. repec:hpe:journl:y:2017:v:221:i:3:p:43-63 is not listed on IDEAS
    3. A Alodadi & J Benhin, 2015. "Long Term Economic Growth in Oil-Rich Saudi Arabia: What is the role for non-oil sectors?," Economic Issues Journal Articles, Economic Issues, vol. 20(1), pages 109-130, March.

    More about this item

    Keywords

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

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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