What is the Role of Tourism, Foreign Direct Investment, and Institutions in Economic Growth in ASEAN?

Q3 Social Sciences

WSEAS Transactions on Environment and Development Pub Date : 2023-06-07 DOI:10.37394/232015.2023.19.55

N. Aida, Widia Anggi Palupi, Fakhri Rizal Husain

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引用次数: 0

Abstract

This type of research is quantitative descriptive. This study looks at the impact of tourism, foreign direct investment, and institutions on economic growth in ASEAN. The scope of this research is 10 ASEAN member countries from 2003-2021. This study uses five independent variables: international tourism receipts, Feign Direct Investment (FDI), the rule of law, government effectiveness, and regulatory quality. The dependent variable is GDP as a proxy for economic growth. The data used is secondary data sourced from the World Bank. The analytical method used is the panel data regression analysis method. Based on the results of this study, it was found that international tourism receipts, foreign direct investment, the rule of law, government effectiveness, and regulatory quality together affected GDP as a proxy for economic growth in ASEAN countries in 2003-2021. Partially, international tourism receipts, the rule of law, and government effectiveness positively and significantly affect economic gr. In contrast, FDI and regulatory quality have yet to influence economic growth in ASEAN countries from 2003-2021.

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旅游业、外国直接投资和机构在东盟经济增长中的作用是什么？

这种类型的研究是定量描述性的。这项研究着眼于旅游业、外国直接投资和机构对东盟经济增长的影响。本研究的范围是2003-2021年的10个东盟成员国。本研究使用了五个自变量：国际旅游收入、外国直接投资、法治、政府有效性和监管质量。因变量是GDP作为经济增长的指标。所使用的数据是来自世界银行的二级数据。所使用的分析方法是面板数据回归分析方法。基于这项研究的结果，研究发现，国际旅游收入、外国直接投资、法治、政府有效性和监管质量共同影响了2003-2021年东盟国家经济增长的GDP。在一定程度上，国际旅游收入、法治和政府效率对经济增长产生了积极而显著的影响。相比之下，外国直接投资和监管质量尚未影响2003-2021年东盟国家的经济增长。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

WSEAS Transactions on Environment and Development Social Sciences-Development

CiteScore

1.90

自引率

0.00%

发文量

118

期刊介绍： WSEAS Transactions on Environment and Development publishes original research papers relating to the studying of environmental sciences. We aim to bring important work to a wide international audience and therefore only publish papers of exceptional scientific value that advance our understanding of these particular areas. The research presented must transcend the limits of case studies, while both experimental and theoretical studies are accepted. It is a multi-disciplinary journal and therefore its content mirrors the diverse interests and approaches of scholars involved with sustainable development, climate change, natural hazards, renewable energy systems and related areas. We also welcome scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations.