Measuring the Size of Tourism and Its Impact in Developing Country Bangladesh’S Economy

Abstract

Travel & Tourism is a significant economic movement in most countries around the world. As well as its straight economic impact, the industry has significant indirect and induced impacts. The output of tourism industry in the global as well as individual viewpoint is truly amazing. Tourism pushes on whole economy directly or indirectly. Many countries in the world depend upon tourism as a main center of foreign swap earnings. For many developing countries tourism is one of fundamental pillars of their development process because it is one of the dominant activities in the economy, in some countries it is the only basis of foreign currency and employment, and therefore constitutes the platform for their economic development. Tourism engages many industries in the economy and cannot be distinct as a solitary industry. Therefore, we dispute that aggregate measures of tourism should be built from the demand side. We also argue that the measure of the size of tourism and the measure of the involvement of tourism to GDP should be separated. While initial tourism demand is the paramount measure of the size of tourism, tourism driven GDP is the best measure of the input of tourism.

Keywords: Tourism Development, Economic Impact, Investment, Tourism Economy, Tourism impact etc