Taylor's FSLM Journals
International Tourism and Economic Growth: A Panel Causality Analysis of the Three Northeast Asian Countries of China, Japan, and Korea

@ Asia-Pacific Journal of Innovation in Hospitality and Tourism

Online ISSN: 2710-6519

Minho Kim, Bangwool Han & Jennifer M. Kim 


This study investigates the causal relationship between tourism development and economic growth in China, Japan, and South Korea; a topic that has not been extensively explored in the tourism literature. Although the contribution of tourism to the economy is generally low in these countries due to their export-oriented economies of industrial goods, the results of this study demonstrate that tourism development can stimulate economic growth in the long run. 

Keywords: Tourism; economic growth; cointegration; causality; Northeast Asia