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Item Restricted Tourism and economic growth: the case of the five ASEAN countries(2013-10) Chua, Angelyne M.; Rivera, Kyla Viktoria V.; Pernia, Ernesto M.For many national governments, the tourism industry is seen as an important contributor to economic development. The industry is expected to provide job opportunities, reduce poverty, earn foreign exchange, and stimulate economic growth and progress in general. Although tourism is touted to play such a role, some economists remain skeptical about the significance of its impact on economic growth and development. Accordingly, studies ofthe relationship between tourism and economic growth have not been lacking; economists still continue to disagree on the real benefits of tourism to the economy. Hoping to contribute to this ongoing discussion, our paper aims to find out whether or not tourism exerts a positive impact on economic growth by looking into the experiences of five ASEAN developing countries, namely, Philippines, Indonesia, Malaysia, Thailand and Vietnam. We want to address the question: are governments correct in investing so much in an industry whose contribution to growth still seems open to inquiry? We employ fixed effect panel data estimation to answer this question. The results of our analysis provide supporting evidence that tourism has a positive and significant impact on economic growth using data on the five ASEAN countries covered in this study.Item Restricted The Philippine tourist industry in the 1960's(1969-10) Montoya, Josefina S.; Lara, LiliaItem Restricted Hotel industry: its contribution to the Philippine tourism industry(1981-04-09) Lim, Thelma F.; Roque, Fermina C.; Herrin, Alejandro N.Item Restricted The economic significance of tourism to the Philippines: some preliminary estimates(1981-01) Olivia, Arnold; Chatto, Edgardo; Herrin, AlejandroItem Restricted A cost-benefit approach to Philippine tourism(1981-01) Castillo, Maria Victoria; Valenzuela, Josephine Anne MarieItem Restricted The economic contribution of the Philippine tourism industry(1981-03) Celi, Liliza G.; Domingo, Roscelyn S.Item Restricted Benefit considerations of the tourism industry(1981-10-26) Cruz, Maria Concepcion B.Item Restricted A cost-benefit analysis of the Laoag international airport(1984-03) Sanchez, Rosemarie Judith; Paqueo, VicenteItem Restricted Philippine tourism 1977-1980: a study(1982-04) Cabezas, Carolina R.Item Restricted An economic analysis on the effect of pull factors on inbound tourism in the Philippines(2008-04) Abueg, Punyagi; Grulla, Cecilia; Quimbo, StellaIn 2007, the Philippines recently reached an all-time high of 3.1 million tourist arrivals. Despite this achievement, the tourism performance of the Philippines pales in comparison with its South- East Asian neighbors like Malaysia and Thailand which in the same year generated 20.97 and 14.8 million tourist arrivals, respectively. This paper examines supply-side or pull factors that influence tourist arrivals in the Philippines using two-stage least squares (2SLS). This study also attempts to forecast tourist arrivals in the coming years through simulation analysis. Political stability, public safety, infrastructures and overall economic health substantially affect tourist arrivals at various levels. However, average tourist receipts and tourism budget are insignificant. The sensitivity analysis suggests that investments in infrastructures should be given priority along with maintaining a strong currency which reflects political stability.