The Impact of Tourism Receipts on Economic Development: A Panel Data Analysis for Selected Asian Countries

The current study aims at studying tourism which has emerged as one of the most dynamic rising international industries for economies. present inspects influence receipts, trade openness, investment and population on economic growth selected Asian nations between 1995 2021. data variable interest been taken from Global Development Indicator (WDI). Checks LLC IPS have conducted stationary. Both models, FMOLS Dynamic OLS, used to capture both short long-run flexibility. For this objective, Granger causality technique utilized. results indicate that receipts a favorable substantial effect some nations. also shows sector ample capacity contribute growth; therefore, tourist-attractive places should be provided with essential amenities such connectivity infrastructure.