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

Tiwari, Aviral Kumar
Publication date: 
JEL codes: 
C33 - Models with Panel Data; Longitudinal Data; Spatial Time Series, L83 - Sports; Gambling; Recreation; Tourism, O15 - Human Resources; Human Development; Income Distribution; Migration, O49 - Other.
This study examines the impact of tourism receipts, exports a nd foreign direct investment on economic growth on four ASIAN countries nam ely 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.
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