AN INVESTIGATION OF SYMBIOTIC RELATIONS BETWEEN TOURISM AND DEVELOPMENT

Abstract

Purpose of this study: Growth in the tourism sector helps in the reduction of poverty, maintenance of macroeconomic equilibrium by creating employment opportunities, earning foreign currencies, reduction of excessive dependence on a foreign country for their own development, reduction of the deficit of the current account of the balance of payment, etc. This study aims to acquaint deeply with the relationship between tourism and development so that we can check complexities, gaps, comparability, and the sustainability of impact on each other. Methodology: Secondary sources of data are used in this descriptive research. Main findings of my study: There is a symbiotic relationship between tourism and development and one cannot be separated from others and both are the causes of each other. From the empirical study of different countries with the co-integration method, it is proved that tourism has always been positively related to development. Applications of my study: The study will be helpful to students, research scholars, different government & nongovernmental officials who are interested in any activities relating to tourism, environment and economy, academicians, environmentalists, tourists, and anyone interested in knowing the symbiotic relationship between tourism and development. Novelty/Originality of this study: The novelty of the study lies in the hardness of finding such litterateurs, which are directly related to finding the symbiotic relations between tourism and development. The relations between the two are not one way or simple, there are many other factors like environment, externality, the spillover effect of government activities, etc. that affects the relationship. In this study, I tried to take all of this together to study the symbiotic relationship between tourism and development.