Political Economy of Tourism Growth in Developing Countries: A Comparative Study of Pakistan and Bangladesh

Authors

  • Sagheer Ahmad The Islamia University of Bahawalpur, Pakistan.
  • Ramaisa Aqdas Iqra University, Karachi, Pakistan.
  • Atif Aziz Iqra University, Karachi, Pakistan.
  • Tauqir Ahmad Ghauri The Islamia University of Bahawalpur, Pakistan.

DOI:

https://doi.org/10.52131/pjhss.2024.v12i1.2143

Keywords:

Political Economy, Tourism Growth, Developing Countries, Comparative Study, Pakistan, Bangladesh

Abstract

Tourism is a big source of revenue for a country. Political Stability and good governance promote tourism growth of a country by providing a favorable environment for tourism. Present study is empirical evidence of Pakistan and Bangladesh to investigate the role of political stability and governance in tourism growth. Furthermore, along with the principal variable, the study also estimates the role of corruption in tourism growth. Panel times series data, from the year 1996 to 2021, was used for analysis of results. GMM estimation methodology has been employed which show that political stability and governance increase tourism growth in Pakistan and Bangladesh. The finding also shows that variables including in analysis are control of corruption, political economy is also a determinant of tourism. So, finding indicates that political economy along with significant economic growth is desirable for promoting tourism in Pakistan and Bangladesh.  They study concludes that in order to promote tourism in Pakistan and Bangladesh. political stability, good governance, role of law, and regulatory quality are significant.

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Author Biographies

Sagheer Ahmad, The Islamia University of Bahawalpur, Pakistan.

Assistant, Department of Economics

Ramaisa Aqdas, Iqra University, Karachi, Pakistan.

Assistant Professor, Department of Business Administration

Atif Aziz, Iqra University, Karachi, Pakistan.

Professor, Department of Business Administration

Tauqir Ahmad Ghauri, The Islamia University of Bahawalpur, Pakistan.

Lecturer, Department of Management Sciences, Institute of Business Management and Administrative Sciences

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Published

2024-03-31

How to Cite

Ahmad, S., Aqdas, R., Aziz, A., & Ghauri, T. A. (2024). Political Economy of Tourism Growth in Developing Countries: A Comparative Study of Pakistan and Bangladesh. Pakistan Journal of Humanities and Social Sciences, 12(1), 815–825. https://doi.org/10.52131/pjhss.2024.v12i1.2143

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