The Influence of Tourism Development and Human Capital Development on the Economic Growth of the ASEAN Countries

Authors

  • Sudawan Somjai
  • Chandej Charoenwiriyaku
  • Preechan Jamcharoen

Abstract

The foremost goal associated with the present study is to analyze the development of tourism industry, development of human capital and economic growth of the ASEAN countries. For the regression analysis with random effect model, data were gathered from the World Bank Indicator (WDI) database from 2002 to 2018. The results exposed that development of tourism and development of human capital are the significant and optimistic factors to enhance the economic growth of the country. These findings are helpful for the researchers to explore this area in future and also provide the guideline to the regulation making authorities that they should enhance their emphasis on the development of tourism as well as human capital that enhance the economy in the country

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Published

2020-04-02

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Section

Articles