The impact of tourism on economic growth in ASEAN-5 countries: Evidence from panel data analysis

Study This analyze influence sector tourist to growth economy in five ASEAN countries (ASEAN-5), namely Indonesia, Malaysia, Thailand, Singapore, and the Philippines, using panel data from 1995 to 2023. With​ use approach quantitative and panel data regression models , research This find that amount traveler foreign , acceptance tourism , and value swap in a way significant influence growth the economies of these countries . The results of the analysis show that improvement amount traveler foreign and acceptance tourist own impact positive to growth economy , while mark swap contribute significant in increase growth . Findings This confirm importance sector tourist as booster economy and its necessity supportive policies​ development sector This For increase growth economy in the ASEAN region.