Tourism's Contribution to Economic Growth: A Global Analysis

Abstract

The paper reviews the various methods and tourism development proxy variables used to measure the impact of tourism on economic growth. The development deterioration procedure is utilized with information for 174 nations for the years 2000-2010 to quantify the effect of the travel industry on a nation by-nation premise. The travel industry's commitment to monetary development is most noteworthy in Africa, Asia and Latin America, and the Caribbean. It is marginally negative in Europe, North America and Oceania. The paper likewise explores the elements that impact the travel industry's commitment to development. Results show that travel industry's commitment to development is higher in economies with a higher portion of the travel industry in GDP. The suggestions and restrictions of the development disintegration philosophy are likewise examined.