Journal of Applied Business, Taxation and Economics Reseach
Vol. 3 No. 1 (2023): October 2023

Analysis of the Contribution of ASEAN Countries in Supporting Sustainable Tourism in Indonesia

Arnanda Ajisaputra (STIE Indocakti)
Nurtjahja Juniarsa (STIE Indocakti)



Article Info

Publish Date
10 Oct 2023

Abstract

This research aims to find out the contribution of ASEAN countries in supporting sustainable tourism in Indonesia as seen from the number of tourist visits from 2014-2021. Using the VECM method, the results showed that: (1) ASEAN countries with dominating tourist visits to Indonesia are: Malaysia, Singapore, Philippines, and Thailand; (2) there are long and short-term effects on tourist arrivals of the four ASEAN countries to Indonesia; (3) if there is a shock to the number of tourist arrivals from one of the ASEAN countries to Indonesia, it will resonate the number of tourist arrivals from the other three ASEAN countries; (4) if one of the ASEAN countries experiences a shock to the number of their tourist arrivals to Indonesia, it will first have an impact on the next period in that country, after which it will shake the other three ASEAN countries in the adjacent period. It is recommended that government and private organizations engaged in tourism, as well as the public, support the tourism liberalization program while still paying attention to local wisdom and various forms of assistance so that the number of tourist visits to Indonesia, especially in four ASEAN countries, remains stable, to enable the tourism sector to provide maximum tourism foreign exchange earnings.

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Journal Info

Abbrev

jabter

Publisher

Subject

Economics, Econometrics & Finance

Description

This journal aims to take part in the advancement of knowledge in economics and business by publishing high quality research on contemporary trends in economics and business in emerging markets or countries. As the journal main horizon is to embrace contemporary trends in applied business, taxation, ...