SUSTAINABLE DEVELOPMENT AND TOURISM IN ASIA: PANEL DATA ANALYSIS

Abstract

Author(s): Nalan I?IK

While as a major sector of the world economy, tourism’s contribution to economic growth is widely accepted, the situation is not clear when it comes to sustainable development. This study empirically investigates whether there is a relationship between sustainable development and tourism in Asia-Pacific countries with rapidly growing economies and a promising tourism sector. In the panel data analysis where data from the period 2000-2015 was used, adjusted net savings set as sustainable development indicators, as well as tourist arrivals and tourism revenues representing the tourism sector were used. The empirical estimates across the panel indicate that tourist arrivals in Asia-Pacific countries have a negative impact on sustainable development accompanied by a positive impact on tourism revenues.

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