Measuring Impacts of International Tourism Development on Economic Development: The Case of ASEAN Countries

Abstract

The relationship between tourism development and economic development has been long determined and measured. This paper primarily aims to measure this relationship in ASEAN countries in the 2001-2009 period. The result indicates that tourism development has a positive effect on economic development, specifically increasing per capita income. Countries with high urbanization levels show even stronger impacts of tourism on per capita income. The structural changes in ASEAN economies to industry and services has not only helped attain high economic growth, but also contributed to improving personal incomehttp://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=e04f2117-0942-4820-8f16-37d0f432571d