Volume 3, Issue 2, June 2018, Page: 30-42
The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry
Johan Van Rooyen, Department Business and Technology, Webster University, Webster Groves, Thailand
Received: Mar. 28, 2018;       Accepted: May 21, 2018;       Published: Jun. 28, 2018
DOI: 10.11648/j.jbed.20180302.11      View  587      Downloads  43
Abstract
The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).
Keywords
Positive and Negative Impact of Tourism, Economic Growth, Tourism Industry
To cite this article
Johan Van Rooyen, The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry, Journal of Business and Economic Development. Vol. 3, No. 2, 2018, pp. 30-42. doi: 10.11648/j.jbed.20180302.11
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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