Abstract

This study aims to examine the effect of tourist arrivals, tourist expenditure, and tourism investment on economic growth in four ASEAN countries with almost the same tourism characteristics, namely Indonesia, the Philippines, Malaysia and Vietnam in 2005-2019. This study uses secondary data. The analytical tool used in this study is multiple linear regression analysis with the Fixed Effect Model (FEM) approach. The results showed that the variables of tourist arrivals, tourist expenditure, and tourism investment have a positive effect on economic growth and have a significant effect partially or simultaneously. Every change in the variable unit of tourist arrivals can result in a change in economic growth of 0.28%. Every change in the variable unit of tourist expenditure can result in a change in economic growth of 0.09%. Every change in the tourism investment variable unit can result in a change in economic growth of 0.05%.

Keywords: Tourist Arrival, Tourist Expenditure, Tourism Investment