The Economic Contribution of Travel and Tourism in Pakistan
Journal Title: Human Nature Journal of Social Sciences - Year 2021, Vol 2, Issue 2
Abstract
Tourism industry is perhaps the main wellsprings of income and employment. It likewise assists with improving "business openings and income, which can be of major financial importance to the neighborhood population. As far as work, the neighborhood local area could grow their income and financial condition, which could prompt an improved way of life. The current investigation focused on the assessment of the economic role of movement (travel) and the tourism industry and to investigate the effect of yearly travel and the tourism industry on GDP and employment rate. For this reason, the study variables were measured through standards that were taken from the previous literature. The current study used the annual GDP and employment rate in Pakistan to measure these variables. The information was gathered from various sources like diaries, and yearly reports. The data was collected from the year 1995 to 2019 because these years were attractive for tourism. The data was measured through different statistical analysis tools and techniques i.e., correlation and regression. The outcome of the study explores that annual “tourism” and travel have a “positive” relationship with the GDP and employment as the value of the coefficient of the correlation is depicting a positive significant value for the variable. The study recommends that the public authority ought to set out work (employment) open doors, pay sources, and income for the neighborhood occupants just as "economic activities" in the country through the advancement of the travel industry.
Authors and Affiliations
Farhan Javed, Muhammad Shoaib
Keywords
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