Seeing Tourism Investment, Tourism Growth and Immigration From Harm And Benefit Perspective: Implications For Environmental Sustainability In ASEAN Countries

Abstract

There are various culprits for the increase in environmental pollution that are affecting the environment and atmosphere in one way or the other. In this context, the researcher has designed this study so that the impact of tourism growth, tourism investment and immigration on the environmental sustainability of ASEAN countries can be studied and analyzed. For this purpose, the researcher has carefully collected the authentic data about the aforementioned aspects of the study from the authentic databases such as World Bank Development Indicators and Global Economy. The data was collected for consecutive 30 years from the ASEAN countries. After collecting data, the researcher has applied panel unit root test, panel cointegration test, coefficient estimation test and panel Granger Casualty test for analysis purpose. The results have indicated that all the independent variables i.e. tourism investment, tourism growth, immigration have significant impact on environmental sustainability. Moreover, these variables are also found to have the causal relationships among each other either unidirectional or bidirectional. The major implication of this study is that it will guide the tourism industries and immigration departments of the countries to apply careful practices so that the environment is not disturbed due to environmental pollution and the environmental sustainability is not disturbed. Keywords: Tourism Growth, Tourism Investment; Immigration; Environmental Sustainability; ASEAN Countries; Panel