Economic Development, Public Policy &International Tourism: Empirical Evidence from Pakistan Economy
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 6, Pages 1546-1555
AbstractBackground:The tourism industry is considered to be a million-dollar industry with its ability to
increase the cash flows and ability to sell things for higher prices than usual. Pakistan is a very
lucrative country for travellers with an immense amount of diversity in culture as well as
weather. There are a number of historic, adventurous, exotic, and peaceful spots in Pakistan to
attract travellers and boost their tourism industry.
Methods: This study aimed to examine the influence of international tourism receipts and
expenditure on the gross domestic product of Pakistan& also recommend public policies. Time
series data for twenty-four years was gathered in this study and regression analysis was applied
to examine the hypothesized relationships.
Results:Findings of this study have reflected the significant and positive impact of the
hypothesized variables on the economy of Pakistan.
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