Jurnal Ilmiah Mahasiswa FEB
Vol. 7 No. 2

THE ROLE OF TOURISM RECEIPTS ON ASEAN’S GDP (PANEL DATA ANALYSIS YEAR: 1995 – 2017)

DANISWARA, ANDIKA RAHADIAN (Unknown)



Article Info

Publish Date
27 Jun 2019

Abstract

Nowadays, it is clearly visible that the importance of tourism sector particularly in the ASEANregion has been overshadowed by the importance of other sectors such as industrialization and servicesectors. But the recent revival of the tourism sector by the World Bank has brought a major attention,particularly through marketing and strategy, hoping that these would open markets to increase tourism sector ofASEAN.The Analysis of this research is developed by utilizing Tourism Receipts as the dependent variable;using Capital investment, Government expenditure, Employment rate, Exchange rate, and GDP as theindependent variables to complement the analysis. The empirical result of the study addressed thatTourism Receipts is significant and has a positive relationship to the GDP in ASEAN region. Thus, thisthesis is concerned to examine the impact of Tourism Receipts to the ASEAN’s GDP by using simple panel datafrom the year 1995 to 2017.Keywords: ASEAN, Tourism Sector, GDP, Panel Data

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