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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Jurnal Ilmu Sosial dan Ilmu Politik Journal of Economic, Bussines and Accounting (COSTING) JMM (Jurnal Masyarakat Mandiri) Kumawula: Jurnal Pengabdian Kepada Masyarakat Madaniya Journal of Economics Research and Social Sciences D'edukasi: Jurnal Pengabdian Masyarakat Jurnal REP (Riset Ekonomi Pembangunan) El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Economic Development Analysis Journal Economics Development Analysis Journal Al Hayat: Jurnal Pengabdian Masyarakat
Dwi Rahmayani
Department Of Development Economics, Faculty Of Economics And Business, Universitas Negeri Semarang
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Journal : Economic Development Analysis Journal

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Tourism Development and Economic Growth: An Empirical Investigation for Indonesia Dwi Rahmayani; Shanty Oktavilia; Deky Aji Suseno; Elvira Latifa Isnaini; Anton Supriyadi
Economics Development Analysis Journal Vol 11 No 1 (2022): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v11i1.50009

Abstract

This paper applies the panel technique to investigate relationships between tourism development and economic growth in Indonesia (including 33 provinces) for the 2011-2021 period. The research method used the Solow growth model with Harrod Neutral approach and derived into the econometrics model by Fixed Effect Model (FEM) with the gross regional domestic product as a dependent variable and proxied of economic growth. Independent variables include gross fixed capital formation as proxied of capital, labor, and tourism indicator. The tourism indicator is measured the average length of total guests, domestic guests, and foreign guests in the classified hotel. Using FEM, the result showed that gross fixed capital formation, labor, and the average length of domestic guests significantly positively affect economic growth. The other, the foreign guest has no significant effect on economic growth. Additionally, tourism development has a more significant impact on economic growth from domestic guests than from foreign guests. Finally, the panel analysis shows a significant effect of the modeling, especially tourism indicator, to promote economic growth in 16 provinces in Indonesia. Thus, our empirical findings have significant policy implications for supporting tourism development in all provinces for growing economic highly.
Co-Authors Afif Dhia Pratama Ageng Patriot Dibangsa Agus Hermanto Annis Nurfitriana Nihayah Annis Nurfitriana Nihayah Anton Supriyadi Anton Supriyadi Ardian Alif Mustofa Armelia Putri Aulia Gita Safitri Ayu Nurus Sa’adah Ayuntavia Badar Fadlan Ibrahim Bhanu Rasendriyo Bhanu Rasendriyo Deky Aji Suseno, Deky Aji Detalia Noriza Munahefi Dewi Karisma Dyah Maya Nihayah Elvira Latifa Isnaini Erida Pratiwik Faiz Mahfudin Faizal Maulana Fatima Amalia Putri Fredericho Mego Sundoro Fredericho Mego Sundoro Grace Natalia Marpaung Grace Natalia Marpaung, Grace Natalia Haedar Said Hanan Havidz Aldi Setiawan Khurun Estina Savira M. Nuur Fauzi Maya Indah Sulistiyowati Moerijanto Muhammad Lutfi Muhammad Nuurfauzi Nurjannah Rahayu Kristanti Phany Ineke Putri, Phany Ineke Prasetyo Ari Bowo, Prasetyo Ari Putri Dewi Anggraeni Qurnia Latifa Nur Sarwestri Rahmadani Nur Permanawati Riska Widya Sabita Rizka Yuliani Safira Galuh Yuniarizki Selviana Diah Utami Shanty Oktavilia Valeriana Sekar Adhianti Wibowo Yahya Mahda Vikia Yahya Mahda Vikia Yozi Aulia Rahman, Yozi Aulia