How Can Economic Factors Influence the Tourism Demand in The Economy? A Panel Data Analysis of South Asian Countries
DOI:
https://doi.org/10.61506/01.00363Keywords:
Carbon Emission, tourism, economic factors, panel data analysis, FMOLS, DOLSAbstract
This study uses panel data and econometric models to analyses the relationship between macroeconomic factors and tourism demand. The main concerned of this study is to investigate the tourism demand by taking as dependent variable and corban emission, education, food security, renewable energy resources and trade openness as independent variables. To fulfillment the objective of this study panel data of south Asian by employed the unit root test to check the stationarity and employed the fully modified the least square used for the causality test. The results of this study guided the short run as well as long run relationship exists in the data. This study found opportunity to contribution in the literature and helpful for the authorities and researcher to make the policies related to control the pollution and make the better relationship between south Asian countries so improve the demand of the tourism in the countries.
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