Tourism to economic growth and employment in the Philippines

Abstract

An increase in tourism can have favorable economic results for the countries, particularly in terms of Gross Domestic Product and employment prospects. This study looks into how tourism affects the Philippines' economic development and employment from 1995 to 2019. Unit root tests were used to determine whether the study's variables were stationary. For the data analysis, a regression technique and a Johansen cointegration method were used. The findings of this study is that there is a long-term link between the variables under consideration and that tourism has a positive and considerable influence on economic growth and the employment sector in the Philippines. According to this study’s result, legislators should concentrate on legislation with a specific emphasis on the promotion of tourism given the industry's enormous potential across the nation.