Impact of Tourism on Regional Economic Growth: A Global Value Chain Perspective
Publication | January 2022
This paper examines the contribution of tourism to the economy of Thailand and to the global economy. The findings suggest that tourism in Thailand generates significant economic impact on output and value added.
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The economic impact of tourism development on economies in the global value chain remains understudied. Applying the multiregional input–output model to Thailand, this paper examines the economic contribution of tourism to its economy and to the global economy. Results reveal a strong spillover effect and linkage with domestic industries but weak connections with external industries of economies in the global supply chain.
Contents
- Abstract
- Introduction
- Literature Review
- Methodology and Data
- Findings and Discussion
- Conclusions
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