Tourism In Pakistan Essay

991 Words4 Pages
Methodology: To determine the impact of tourism expenditure on economic growth of Pakistan I have taken the time series data from 1995 to 2012. Trade was used as an independent variable in the model. For the regression I have used the ordinary least square (OLS) method because all the variable were stationary at level. I took the data of GDP, trade and tourism expenditure from the World Bank website. Dependent variable: • GDP Independent variable • Tourism expenditure • Trade The model is as follows GDP= β0 + β1 tourism expenditure + β2 Trade + µ0 The model explains that the GDP will be determined by the tourism expenditure and trade. Increase in tourism expenditure will lead to increase in GDP as we know that expenditure income identity…show more content…
There is high potential in the tourism industry of Pakistan. If it is provided with its due attention and funds it can do wonders for the country. As indicated in the study that there exist positive relationship between tourism expenditure and economic growth. Promoting the tourism in the country can boast the economy as well. The government can take the following steps to promote the tourism in the country. • To encourage tourism in the country the government must ensure political stability. Changing the government policies again and again will not do any good. Tourist are not sure about the situation in the area • Infrastructure in Pakistan is a great cause of the failure of profitability of tourism sector. There are not proper roads, railway tracks and other transport services so tourist find it difficult to visit different places. The government should invest on infrastructure and transport in the tourist areas to promote the tourism in these areas. • The inability to cope with the natural disaster is also another major reason of decreasing tourist arrivals. After the earthquake of 2005, those areas suffered huge losses but nothing was done to cover their losses and for the reconstruction in those areas. The government should give attention to those areas which were damaged by the
Show More
Related

  • Tourism Industry In Pakistan Essay

    854 Words  | 4 Pages

    Tourism: Tourism in Pakistan has been said as being the tourism industry’s “subsequent large component”. Pakistan, with its various cultures, human beings landscapes, has attracted ninety million tourists to the country, nearly double to that of a decade ago. Because of danger of terrorism the number of foreigner vacationers has gradually declined and the shock of 2013 Nanga Par wager traveler capturing has extraordinarily adversely affected the tourism industry. As of 2016 tourism has begun

    Read More

  • The Importance Of Sustainable Development Goals

    1018 Words  | 5 Pages

    sustained urbanization process will be a critical development change (Anwar, Farhan). In Pakistan, about one million poverty driven people from the rural areas migrate to Karachi- the biggest economic hub of the country. Such a rapid pace in urbanization is making it hard for the government to provide basic facilities and services to the people. Implementing sustainable cities or towns in a place like Pakistan is a very challenging goal, however it is not impossible. A Harvard architect had initiated

    Read More

More about Tourism In Pakistan Essay

Open Document