Trade and Tourism in Democratic Republic of Congo: Key Business for Sustainable Financing

• 발행기관: People & Global Business Association
• 저자명: Nadine Mujinga Kuka Jinhwan Oh Jisun Song
• 간행물 정보: 『Global Business and Finance Review』Vol.26 No.1, 1~8쪽, 전체 8쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2021.03.30

영문 초록

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 expected to give a guideline for this country’s sustainable growth.

목차

Ⅰ. Introduction

Ⅱ. Literature and Model

Ⅲ. Analyses and Discussions

Ⅳ. Conclusion

키워드

Democratic Republic of Congo Trade Tourism Regional Integration Gravity Model