Economic Growth, Foreign Direct Investment, Renewable Energy, and Inflation: A Multi-Factor Analysis of Tourism Development in Vietnam

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Economic growth positively influences tourism growth in Vietnam, highlighting its critical role in the tourism sector.
ARDL bound test and Granger causality tests were utilized, resulting in clear long-term associations among multiple factors.
Renewable energy consumption negatively impacts tourism growth, indicating the need for sustainable energy practices.
Findings call for policy adjustments to enhance tourism development, considering inflation and FDI implications.

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Analysis reveals that economic growth impacts tourism growth in Vietnam, suggesting re-evaluations in policy frameworks.

Fei et al. (2025) studied this question.

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