TY - JOUR
T1 - Trade and tourism in democratic republic of congo
T2 - Key business for sustainable financing
AU - Kuka, Nadine Mujinga
AU - Oh, Jinhwan
AU - Song, Jisun
N1 - Publisher Copyright:
© 2021 People and Global Business Association.
PY - 2021
Y1 - 2021
N2 - Purpose: This study examines Democratic Republic of Congo’s (DRC) trade and tourism as the country’s key business for sustainable financing and growth. Design/methodology/approach: This study uses a panel dataset of DRC’s trade and tourism flows from 165 countries over two years (2014-2015). An empirical analysis based on the gravity model is conducted. Findings: The empirical results are basically consistent with the general prediction of the gravity model that both size and distance matter, but, this stereotype result seems to fade away when the consumer price index (CPI) and region dummy are added. Research limitations/implications: Based on the results, it is recommended that DRC to take appropriate measures and cooperate with its neighboring African countries to attract more tourists, strengthen existing trade agreements, and implement policies to minimize real exchange volatility and strengthen misalignment to create maximize economic benefits. Originality/value: An empirical paper for DRC, particularly for both trade and tourism is rare. This study is ex-pected to give a guideline for this country’s sustainable growth.
AB - Purpose: This study examines Democratic Republic of Congo’s (DRC) trade and tourism as the country’s key business for sustainable financing and growth. Design/methodology/approach: This study uses a panel dataset of DRC’s trade and tourism flows from 165 countries over two years (2014-2015). An empirical analysis based on the gravity model is conducted. Findings: The empirical results are basically consistent with the general prediction of the gravity model that both size and distance matter, but, this stereotype result seems to fade away when the consumer price index (CPI) and region dummy are added. Research limitations/implications: Based on the results, it is recommended that DRC to take appropriate measures and cooperate with its neighboring African countries to attract more tourists, strengthen existing trade agreements, and implement policies to minimize real exchange volatility and strengthen misalignment to create maximize economic benefits. Originality/value: An empirical paper for DRC, particularly for both trade and tourism is rare. This study is ex-pected to give a guideline for this country’s sustainable growth.
KW - Democratic Republic of Congo
KW - Gravity Model
KW - Regional Integration
KW - Tourism
KW - Trade
UR - http://www.scopus.com/inward/record.url?scp=85104735153&partnerID=8YFLogxK
U2 - 10.17549/gbfr.2021.26.1.1
DO - 10.17549/gbfr.2021.26.1.1
M3 - Article
AN - SCOPUS:85104735153
VL - 26
SP - 1
EP - 8
JO - Global Business and Finance Review
JF - Global Business and Finance Review
SN - 1088-6931
IS - 1
ER -