STUDY OF ICT AND TOURISM LED GROWTH IN INDIA AND THAILAND

  • Surender Kumar Jaipuria Institute of Management, India
  • Durgansh Sharma Jaipuria Institute of Management, India
Keywords: ICT, tourism, economic growth, conditional causality, cointegration

Abstract

Worldwide tourism has been able to be a one of the important factors with respect to economic growth. Tourism is being seen as an opportunity for the economic growth of developing economies as its demand is still growing. Over the years tourism mediation has experienced major changes, including the arrival of the Internet and the application of Information and Communication Technologies (ICTs). This paper will investigates the ICT and tourism-led growth hypothesis in the case of India and Thailand by employing the cointegration, error correction models, and Granger causality tests using annual data for the last two decades. Major focus is to test the existence of the long-term equilibrium relationship between international tourism, ICT, and economic growth. Once a relationship is identified then the direction of the relationship was studied. In this research work, we have observed that economic growth in Thailand is led by tourism and ICT, but in the Indian economy, it seems that tourism is led by economic growth, and we are not able to transform our strength in ICT to the expected level. Study also concentrates on suggesting a model where tourism can be made a leading factor to influence GDP through optimum use of ICT.

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Published
2017-07-31
How to Cite
Kumar, S., & Sharma, D. (2017). STUDY OF ICT AND TOURISM LED GROWTH IN INDIA AND THAILAND. Social Science Asia, 3(3), 24-31. Retrieved from https://socialscienceasia.nrct.go.th/index.php/SSAsia/article/view/17
Section
Research Article