Dynamics and Causality Among Economic Growth, Financial Development and Budgetary Allocation to the Tourism Sector of Bangladesh

Bhuiyan, Mohammad Badruzzaman; Humanities, Post-Doctoral Scholar; Islam, Md. Aminul; Haque, Ziaul; Hassan, Md. Kamrul; Humanities, Malaysia

doi:10.30892/gtg.35221-668

Cited by 3 publications

(3 citation statements)

References 43 publications

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“…This finding supports the existence of the economic-driven tourism hypothesis, suggesting that economic growth and import activities play a role in influencing tourist arrivals. However, Bhuiyan et al (2021) reported a contrasting tourism-led economic growth scenario, asserting that tourist arrivals contribute to the nation's economy. Furthermore, we identified a causal linkage between tourism and carbon dioxide emissions, underscoring the significant contribution of the tourism sector to atmospheric pollution, supporting the previous results by Rahaman et al (2022) and Chishti et al (2020).…”

Section: Discussionmentioning

confidence: 99%

Tourism, economy, and carbon emissions in emerging South Asian economies: A dynamic causal analysis

Paudel,

Li,

Dhakal

2023

J. Infras. Policy. Dev.

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This study analyzes the dynamic relationships between tourism, gross domestic product (GDP) per capita, exports, imports, and carbon dioxide (CO2) emissions in five South Asian countries. A VAR-based Granger causality test is performed with time series data from Bangladesh, India, Nepal, Pakistan, and Sri Lanka. According to the results, both bidirectional and unidirectional relationships among tourism, economic growth, and carbon emissions are investigated. Specifically, tourism significantly impacts GDP per capita in Pakistan, Sri Lanka, and Nepal, yet it has no effect in Bangladesh or India. However, the GDP per capita shows a unidirectional relationship with tourism in Bangladesh and India. The unidirectional causal relationship from exports and imports to tourism in the context of India and a bidirectional relationship in the case of Nepal. In Pakistan, it is observed that exports have a one-way influence on tourism. The result of the panel Granger test shows a significant causal association between tourism, economic growth, and trade (import and export) in five South Asian economies. Particularly, there is a bidirectional causal relationship between GDP per capita and tourism, and a significant unidirectional causal relationship from CO2 emissions, exports, and imports to tourism is explored. The findings of this study are helpful for tourism stakeholders and policymakers in the region to formulate more sustainable and effective tourism strategies.

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Section: Discussionmentioning

confidence: 99%

Tourism, economy, and carbon emissions in emerging South Asian economies: A dynamic causal analysis

Paudel,

Li,

Dhakal

2023

J. Infras. Policy. Dev.

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“…As Bangladesh is a developing country, many people demand inexpensive trips (Bhuiyan et al, 2021). To meet such demands many small tourism businesses have sprung up such as: tour operators and travel agents providing tour management services; hotels, motels, resorts providing accommodation services; restaurants providing food services; gift shops; and others providing transportation services (Hasan et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Factors Impacting Financial Loss of Small Tourism Businesses Due to Covid-19

AFROZ,

HASSAN,

FERDAUS

2023

GTG

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Small tourism businesses are extremely affected by COVID-19 pandemic all over the world. The pandemic scenario in case of small tourism businesses in third-world country like Bangladesh was much critical. The study aims at evaluating factors responsible for financial loss of small tourism businesses due to COVID-19 pandemic in Bangladesh. To address the objective, Chi-square test, and logistic regression modeling have been applied to the quantitative primary data. This study finds that education of the owner/manager, type of organization, office location, year of establishment, main target customer and revenue earned before pandemic have significant relationship with financial loss during COVID-19. The results of the research would assist entrepreneurs and policy-makers in weighing different factors directly connected with the profit or loss in business and to formulate strategies for unpredicted crises.

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“…The impact of COVID-19 on tourism industry is severe in developed countries but worsened in developing countries. Bangladesh is such a country where the tourism industry was growing rapidly but the awful effects of COVID-19 has shattered the tourism industry of Bangladesh (Bhuiyan et al, 2021;Chowdhury, 2020). In 2019 travel and tourism sector of Bangladesh has contributed about BDT 804.5 billion to its national economy but this amount decreased to BDT 539.6 billion in 2020 which represent a fall of 32.9% (WTTC, 2021).…”

Section: Introductionmentioning

confidence: 99%

Impacts of Covid-19 on Travel Behavior of the People in Bangladesh

Afroz¹,

Hassan²,

FERDAUS³

2022

GTG

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In order to formulate necessary strategies related to traveling, it is indispensable to examine travel behavior under COVID scenario. This study aims at assessing travel behavior in terms of different purposes of visit of the travelers of Bangladesh in relation to COVID-19 pandemic. It has utilized quantitative research approach and the data collected were subject to Poisson regression statistical analysis. The results revealed that domestic travel is an important determinant of international travel. In addition to domestic travelers are expected to travel less for leisure, VFR, medical or other purposes compared to the business purpose during COVID period.

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Dynamics and Causality Among Economic Growth, Financial Development and Budgetary Allocation to the Tourism Sector of Bangladesh

Cited by 3 publications

References 43 publications

Tourism, economy, and carbon emissions in emerging South Asian economies: A dynamic causal analysis

Tourism, economy, and carbon emissions in emerging South Asian economies: A dynamic causal analysis

Factors Impacting Financial Loss of Small Tourism Businesses Due to Covid-19

Impacts of Covid-19 on Travel Behavior of the People in Bangladesh

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