Quotation Hasudungan, Albert, Raeskyesa, Dewa Gede Sidan, Lukas, Erica Novianti, Ramadhanti, Fati. 2021. Analysis of the Tourism Sector in Indonesia using Input-Output and Error-Corrections Model Approach. Jurnal Ekonomi Bisnis dan Kewirausahaan. 10 (1), 73-90.


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Abstract

This research explores the role of the tourism sector in Indonesia, including its backward and forward linkages with other economic sectors. The tourism sector is represented by the hotel and restaurant (hospitality) industry. The study uses the input-output method and traces the econometric backward and forward shocks of the tourism sector with the Error Correction Model (ECM), using database from Statistics Indonesia from 2010 to 2019. The paper contributes to the existing literature by using multi-stage quantitative processes to observe backward and forward economic linkages. The result shows that manufacturing output contributes a significant and positive effect to the hotel and restaurant industry. At the same time, the tourism sector provides a significant and positive contribution to government retribution. Nonetheless, there is a negative relationship between the growth of the agriculture and tourism sector, which is assumed due to the tradeoff in the factor of production between the agricultural and tourism sector development. Consequently, backward and forward relationships suggest more holistic and prudent economic policies for observing interdependent tourism development in Indonesia's other economic sectors.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Jurnal Ekonomi Bisnis dan Kewirausahaan
Language English
Title Analysis of the Tourism Sector in Indonesia using Input-Output and Error-Corrections Model Approach.
Volume 10
Number 1
Year 2021
Page from 73
Page to 90
Reviewed? Y
URL https://jurnal.untan.ac.id/index.php/JJ/article/view/44329
DOI http://dx.doi.org/10.26418/jebik.v10i1.44329
Open Access Y
Open Access Link http://dx.doi.org/10.26418/jebik.v10i1.44329

Associations

People
Raeskyesa, Dewa Gede Sidan (Details)
External
Hasudungan, Albert (Universitas Prasetiya Mulya, Indonesia)
Lukas, Erica Novianti (Universitas Prasetiya Mulya, Indonesia)
Ramadhanti, Fati (Universitas Prasetiya Mulya, Indonesia)
Organization
Institute for International Political Economy IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5325 Political economics (Details)
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