학술논문
Tourism, Exports and FDI as a Means of Growth: Evidence from four Asian Countries
Document Type
redif-article
Author
Source
Department of International Business and Economics from the Academy of Economic Studies Bucharest, Romanian Economic Journal. 14(40):131-151
Subject
Language
English
Abstract
This study examines the impact of tourism receipts, exports and foreign direct investment on economic growth on four ASIAN countries namely 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.