Assessing the impact of tourism on sustainable economic development in Indonesia
A comprehensive analysis using the Fourier bootstrap autoregressive distributed lag approach
Bibliographic Data
| ID | 22188232 |
|---|---|
| Authors | Achmad Suhaely (Hasanuddin University), Nuraeni Kadir (0000-0003-0560-9387, Hasanuddin University), Abdul Rahman Kadir (0000-0002-1506-5742, Hasanuddin University), Mursalim Nohong (0000-0003-4211-5546, Hasanuddin University), Sabbar Dahham Sabbar (Hasanuddin University) |
| Year | 2024 |
| Volume | 8 |
| Issue | 14 |
| Pages | 8538 |
| Publication date | 2024-11-25 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Infrastructure Policy and Development (JOURNAL) |
| Journal identifiers | ISSN: 2572-7923 • E-ISSN: 2572-7931 |
| Publisher | EnPress Publisher (PUBLISHER) |
| DOI | 10.24294/jipd8538 |
| OpenAlex | W4404705646 |
| Language | EN |
This research analyzes the relationship between political stability, renewable energy utilization, economic progress, and tourism in Indonesia from 1990 to 2020. We employ advanced econometric techniques, including the Fourier Bootstrap Autoregressive Distributed Lag (ARDL) approach and Fourier Toda-Yamamoto causality testing, to ensure the robustness of our results while accounting for smooth structural changes in the data. The analysis uncovers a long-term equilibrium relationship between tourism and its fundamental determinants. Our research reveals significant positive impacts of political stability and renewable energy consumption on tourism in Indonesia. A stable political environment creates a favorable climate for tourism development, instilling confidence in both domestic and international tourists. Promoting renewable energy usage aligns with sustainable tourism practices, attracting environmentally conscious travelers. Furthermore, our findings demonstrate a bi-directional causal relationship between these variables over time. Changes in political stability, renewable energy consumption, and economic growth profoundly influence the tourism sector, while the growth of tourism itself can also stimulate economic development and foster political stability. Our findings underscore the need for environmentally sustainable and politically stable tourism policies. Indonesia’s tourism sector can grow sustainably with renewable energy and stability. Policymakers can develop strategies with tourism, political stability, renewable energy, and economic prosperity in mind
Business · Distributed lag · Econometrics · Economic system · Economics · Environmental economics · Natural resource economics · Non-renewable resource · Political science · Renewable energy · Sustainable development · Sustainable tourism · Tourism · Digital Marketing and Social Media · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth · Engineering
| Highly cited | No |
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