Impact of Globalization and Tourism on Economic Growth: Fresh Evidence from Pakistan
Keywords:Globalization, Tourism, Inflation, Capital, Economic Growth
The world's cultural, social, and political territories are owned by globalization. Globalization has substantially impacted the worldwide expansion of the tourism industry. Our research intends to investigate the long-term and short-term implications of tourism and globalization on Pakistan's economic growth. In addition, the study confirms the long- and short-term linkages between tourism, globalization, and economic growth. Long-term and short-term statistics indicate that tourism and globalization contribute to Pakistan's economic growth. Therefore, policymakers must develop sustainable environmental policies that attract tourists by providing a secure environment and promoting natural tourist destinations globally, which helps attract tourists.