The influence of the number of tourists, total tourism revenue and renewable energy consumption on economic growth

Eliya Dwi Wahyuningsih; Prisca Patricia Purnomo

Authors

Eliya Dwi Wahyuningsih Universitas Muhammadiyah Surakarta
Prisca Patricia Purnomo Universitas Muhammadiyah Surakarta

Keywords:

Economic growth, Tourism, Renewable energy consumption, Southeast Asia

Abstract

The tourism sector is one of the potentials that supports economic growth in ASEAN countries. At the same time, the tourism sector is spearheading the realization of sustainable development by utilizing environmentally friendly energy. The reorientation of development towards green growth is triggering a transformation in all state development policies. This makes it possible to attract more tourists. The aim of this research is to analyze the relationship between economic growth, tourism and renewable energy in maritime countries in ASEAN. The data used is 2013-2020 using the panel data analysis method. The research results show that tourism, which is proxied in the number of foreign tourists and the number of foreign tourist receipts, has a positive and significant effect on economic growth. The same thing was also found in the influence of renewable energy consumption on economic growth. The suggestions that can be conveyed are that the leaders of ASEAN countries continue to strive to increase existing tourism potential and increase investment cooperation for both tourism development and renewable energy.

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