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Open AccessArticle

Tourism and Development in Developing Economies: A Policy Implication Perspective

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Department of Tourism and Hotel Management, School of Management, Zhejiang University, Hangzhou 310058, China
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Department of Tourism & Hospitality, Hazara University, Mansehra 21120, KP, Pakistan
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Guanghua Law School, Zhejiang University, Hangzhou 310058, China
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Department of Mechanics, Mathematics and Management, Polytechnic University of Bari, Via E. Orabona 4, 70125 Bari, Italy
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Authors to whom correspondence should be addressed.
Sustainability 2020, 12(4), 1618; https://doi.org/10.3390/su12041618
Received: 18 January 2020 / Revised: 8 February 2020 / Accepted: 19 February 2020 / Published: 21 February 2020
Tourism is considered a competent driver of development in emerging economies. This study assesses the role of tourism in shaping the fundamental pillars of development in developing economies by targeting the case of Pakistan. Various econometric techniques and approaches were used to investigate the causal relationships of tourism with economic growth, energy and agriculture development, and poverty. This study highlights the important role of tourism in the development of emerging economies. The findings of our study suggest that a 1% increase in tourism significantly enhances gross domestic product (GPD) by 0.051%, foreign direct investment by 2.647%, energy development by 0.134%, and agriculture development by 0.26%, and reduces poverty by 0.51% in the long run. Hence, policy-makers should be informed that through public interventions, tourism can advance development by the design and implementation of integrated policies in developing economies. In addition, policy consistency and coherence are essential for competitiveness, sustainability, and maximizing benefits from tourism. View Full-Text
Keywords: Tourism development; developing economies; sustainability; policy implication; causal relationship Tourism development; developing economies; sustainability; policy implication; causal relationship
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MDPI and ACS Style

Khan, A.; Bibi, S.; Lorenzo, A.; Lyu, J.; Babar, Z.U. Tourism and Development in Developing Economies: A Policy Implication Perspective. Sustainability 2020, 12, 1618.

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