Assessment of impacts of tourism on poverty alleviation in Vietnam: A panel data approach

Abstract

This research examines the effect of tourism on poverty alleviation in Vietnam using panel data from 63 provinces from 2010 to 2021. By employing various estimation methods such as Ordinary Least Squares (OLS), Fixed Effect (FE), Random Effect (RE), and Generalized Method of Moments (GMM), this study provides empirical evidence of the positive influence of tourism on poverty reduction in Vietnam. The findings strongly support the tourism-led-growth hypothesis, highlighting the significant role of tourism activities in enhancing the livelihoods of citizens in an emerging country such as Vietnam.