The Effect of Tourism and Technological Contribution on Economic Growth – The Case of Vietnam and Other East Asian Members

Abstract

Purpose

Technology is an important factor contributing to the economic development of countries. In the context of the 4th industrial revolution, a country's success lies in its ability to grasp and absorb the level of technology into production and economic development. This aims of this research are to evaluate the impact of the tourism and technological contribution on economic growth in East Asian countries in the period of 2010–2019.

Design/Methodology/Approach

This research uses the feasible generalised least squares (FGLS) to revise the diagnostic problems and other advanced techniques to check the robustness; the research results confirm that there is no impact between tourism and economic growth.

Findings

The main driving force behind economic comes from: technological contribution, financial development and foreign direct investment inflows.

Originality/Value

The research confirms that there is a significant and negative relationship between exchange rate and economic growth.

Citation

Nguyen, V.C. (2023), "The Effect of Tourism and Technological Contribution on Economic Growth – The Case of Vietnam and Other East Asian Members", Tučková, Z., Dey, S.K., Thai, H.H. and Hoang, S.D. (Ed.) Impact of Industry 4.0 on Sustainable Tourism, Emerald Publishing Limited, Leeds, pp. 19-30. https://doi.org/10.1108/978-1-80455-157-820231002