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

ANDIKA RAHADIAN DANISWARA

Abstract


Nowadays, it is clearly visible that the importance of tourism sector particularly in the ASEAN
region has been overshadowed by the importance of other sectors such as industrialization and service
sectors. 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 of
ASEAN.
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 the
independent variables to complement the analysis. The empirical result of the study addressed that
Tourism Receipts is significant and has a positive relationship to the GDP in ASEAN region. Thus, this
thesis is concerned to examine the impact of Tourism Receipts to the ASEAN’s GDP by using simple panel data
from the year 1995 to 2017.
Keywords: ASEAN, Tourism Sector, GDP, Panel Data


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