Analysis of international tourism trade and investment flows and the impact to Indonesian tourism  

Oleh:

Santi, Faurani

Jenis: Article from Proceeding
Dalam koleksi: Proceeding IConEnt 2016 (International Conference on Entrepreneurship) : How Innovation could Improve the Performance and Productivity in Entrepreneurship?, page 1-17.
Topik: inflow; outflow; demand-supply sides of tourism; and determinant factors.
Fulltext: Faurani Santi.pdf (498.13KB)

Isi artikel

The purpose of this study to analyse the impact of international investment, and trade of goods/services to Indonesia tourism sector, which used a Gravity model and Panel Least Square method where the cross section data period 1990 - 2012 from 6 samples of countries are used. The gravity model analysed the tourism trade flows from 6 samples data of countries to/from Indonesia include determinant factors which affect the trade flows. The Gravity method used to analyse the investment, and trade flows of Indonesian tourism, and the results obtained are: (1) outflow of goods and services are influenced by economic distance, GDP per capita tourist countries, the price of Indonesian tourism in tourists countries, and tourism competitor prices, exchange rates, population, and outflow of tourism goods and services in previous period, and (2) inflow of goods and services are influenced by GDP per capita of tourists countries, exchange rate, economic distance, Indonesian tourism price in tourists origin countries, investments (physical) Indonesian tourism, and inflow of tourism goods/services in previous period. While the Panel Least Square method will analyse the impact of international trade flows to the tourism demand and supply in Indonesia, and the results obtained as follows: (1) amount of visits by foreign tourists, and foreign tourists consumption per visit are the most impact to demand side of tourism in Indonesia, where per capita income of tourists country, price of Indonesian tourism, value of the inflow/outflow of goods/services, transportation cost of the Indonesian tourism are factors that affect the amount of tourist arrivals, and tourist consumption as components of Indonesian tourism demand, (2) total of goods/services of the Indonesian tourism affect the supply side of Indonesian tourism. The estimation showed that total government spending, and total investment supply in Indonesian tourism has obtained least influenced to the supply of Indonesia tourism.

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