Tourism growth and investment in Bali’s inclusive economic recovery in 2023: A spatial and econometric approach

I Gusti Lanang Putu Tantra; Ngurah Wisnu Murthi

doi:10.55942/ccdj.v5i2.1399

Authors

I Gusti Lanang Putu Tantra Warmadewa University
Ngurah Wisnu Murthi Tabanan University https://orcid.org/0000-0001-7212-8845

DOI:

https://doi.org/10.55942/ccdj.v5i2.1399

Keywords:

Tourism development, inclusive growth, spatial lag model, total realized investment, Bali, economic recovery

Abstract

This study investigates the relationship between tourism development, total realized investment, and inclusive growth in Bali during the 2023 economic recovery period. The primary objective is to analyze how international and domestic tourist visits, along with investment inflows, influence inclusive growth across Bali’s regions. This study employs various econometric models, including linear trend analysis, multiple regression, and a spatial lag model (SAR) to capture the spatial dependencies between regions. Using data on tourist visits, realized investments, ICT use, labor force participation, and real per capita expenditure, this study builds an Inclusive Growth Index (IGI) for Bali. The results indicate that tourism and investment significantly contribute to inclusive growth, and spatial factors also play a critical role in determining regional disparities in growth. The findings have important policy implications for promoting sustainable tourism and investment strategies to ensure equitable and inclusive development across Bali.

Author Biographies

I Gusti Lanang Putu Tantra, Warmadewa University

I Gusti Lanang Putu Tantra is a lecturer in the Department of Development Economics at Universitas Warmadewa (Denpasar, Indonesia). His profile on institutional and research-index pages places his work within development economics with a stated research focus in tourism economics, and he is registered in Indonesia’s SINTA research index under Universitas Warmadewa.

Ngurah Wisnu Murthi, Tabanan University

Ngurah Wisnu Murthi is affiliated with the Department of Development Economics at Tabanan University (Tabanan, Indonesia) and is listed in SINTA under Universitas Tabanan. His indexed profile highlights interests spanning economic development, sustainable development, and digital/techno-economic themes, and he is also publicly listed by the university as the Head of the Development Economics program.

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