Impact of Globalization and Tourism on Economic Growth: Fresh Evidence from Pakistan

Authors

  • Muhammad Azhar Bhatti Associate Lecturer, Department of Economics, The Islamia University of Bahawalpur, Pakistan
  • Muhammad Ali Zafar MPhil Scholar, Department of Economics, The Islamia University of Bahawalpur, Pakistan
  • Asad Ali Assistant Professor, Department of Management Sciences, The Islamia University of Bahawalpur, Bahawalnagar Campus, Pakistan
  • Habib Asghar Lecturer, Department of Economics and Commerce, The Superior university, Lahore, Pakistan

Keywords:

Globalization, Tourism, Inflation, Capital, Economic Growth

Abstract

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.

Author Biography

Habib Asghar, Lecturer, Department of Economics and Commerce, The Superior university, Lahore, Pakistan



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Published

2022-06-30

How to Cite

Bhatti, M. A. ., Zafar, M. A. ., Ali, A. ., & Asghar, H. . (2022). Impact of Globalization and Tourism on Economic Growth: Fresh Evidence from Pakistan. Pakistan Journal of Social Sciences, 42(2), 495-506. Retrieved from http://pjss.bzu.edu.pk/index.php/pjss/article/view/1119