Please use this identifier to cite or link to this item:
Title: Developing the Tourism Sector for Poverty Reduction and Inclusive Sustainable Growth in Thailand
Authors: Pimonpun Boonyasana
Warattaya Chinnakum
Authors: Pimonpun Boonyasana
Warattaya Chinnakum
Keywords: Business, Management and Accounting;Economics, Econometrics and Finance;Social Sciences
Issue Date: 1-Jan-2021
Abstract: Tourism is one of the largest and fastest-growing sectors in the world economy, including Thailand. Various studies focus on the impact of tourism development on economic growth, but few studies have examined the empirical impact of tourism on poverty reduction, inclusive and sustainable growth. This chapter investigates the impact of the tourism sector on poverty reduction, inclusive growth, and sustainable growth in five regions of Thailand throughout 2009–18. The Generalized Method of Moments (GMM) was employed. The results show that the tourism sector (domestic and foreign) favors poverty reduction and reduces inequality; however, it negatively impacts the environment. This means that the government needs to adopt policies to promote sustainable tourism, such as investment in eco-friendly infrastructure in the tourism sector to improve energy and environmental efficiency and at the same time create jobs for local economies.
ISSN: 21998639
Appears in Collections:CMUL: Journal Articles

Files in This Item:
There are no files associated with this item.

Items in CMUIR are protected by copyright, with all rights reserved, unless otherwise indicated.