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Trade and tourism in democratic republic of congo: Key business for sustainable financing

Title
Trade and tourism in democratic republic of congo: Key business for sustainable financing
Authors
Kuka N.M.Oh J.Song J.
Ewha Authors
오진환
SCOPUS Author ID
오진환scopus
Issue Date
2021
Journal Title
Global Business and Finance Review
ISSN
1088-6931JCR Link
Citation
Global Business and Finance Review vol. 26, no. 1, pp. 1 - 8
Keywords
Democratic Republic of CongoGravity ModelRegional IntegrationTourismTrade
Publisher
People and Global Business Association
Indexed
SCOPUS; KCI scopus
Document Type
Article
Abstract
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. © 2021 People and Global Business Association.
DOI
10.17549/gbfr.2021.26.1.1
Appears in Collections:
국제대학원 > 국제학과 > Journal papers
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