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How Can Economic Factors Influence the Tourism Demand in The Economy? A Panel Data Analysis of South Asian Countries

Author

Listed:
  • Afzaal Ahmad

    (PhD Scholar, Department of Economics and Commerce Superior University Lahore, Pakistan)

  • Adnan Ramzan

    (PhD Scholar, Department of Economics and Commerce Superior University Lahore, Pakistan)

  • Muhammad Adeel Ishaq

    (Assistant Registrar, Allama Iqbal Open University, Islamabad, Pakistan)

  • Farah Kainaat

    (Lecturer, Institute for Art and Culture Raiwind Road Lahore, Punjab, Pakistan)

Abstract

This study uses panel data and econometric models to analyses the relationship between macroeconomic factors and tourism demand. The main concerned of this study is to investigate the tourism demand by taking as dependent variable and corban emission, education, food security, renewable energy resources and trade openness as independent variables. To fulfillment the objective of this study panel data of south Asian by employed the unit root test to check the stationarity and employed the fully modified the least square used for the causality test. The results of this study guided the short run as well as long run relationship exists in the data. This study found opportunity to contribution in the literature and helpful for the authorities and researcher to make the policies related to control the pollution and make the better relationship between south Asian countries so improve the demand of the tourism in the countries. `

Suggested Citation

  • Afzaal Ahmad & Adnan Ramzan & Muhammad Adeel Ishaq & Farah Kainaat, 2024. "How Can Economic Factors Influence the Tourism Demand in The Economy? A Panel Data Analysis of South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 546-552.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:546-552
    DOI: https://doi.org/10.61506/01.00363
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    References listed on IDEAS

    as
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    4. Anastasia Arabadzhyan & Paolo Figini & Carmen García & Matías M. González & Yen E. Lam-González & Carmelo J. León, 2021. "Climate change, coastal tourism, and impact chains – a literature review," Current Issues in Tourism, Taylor & Francis Journals, vol. 24(16), pages 2233-2268, August.
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