Tourism and economic growth in the Pacific region: evidence from five small island economies
نویسندگان
چکیده
We present a country-specific analysis on the effect of tourism economic growth five small Pacific Island Countries (PICs) – Fiji, Samoa, Solomon Islands, Tonga and Vanuatu. The results show development is growth-enhancing for all countries. Foreign direct investment (FDI) Islands Vanuatu, in short run, delayed negative association Fiji Vanuatu found. Remittances are growth-retarding Samoa Tonga, with short-run positive Samoa. Financial While underscore huge importance generating FDI Pacific, given ongoing adverse effects Coronavirus disease 2019 (COVID-19) pandemic, PICs will have to focus alternative sectors progress activities. Policy suggestions discussed along these lines.
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ژورنال
عنوان ژورنال: Journal of The Asia Pacific Economy
سال: 2021
ISSN: ['1469-9648', '1354-7860']
DOI: https://doi.org/10.1080/13547860.2021.1944796