The Study of Economic Growth and Tourism Industry in Thailand
Thailand’s economic growth from 1995 to 2019 was strongly influenced by tourism revenue, visa exemption policies, and trade flows, all of which showed significant positive correlations with GDP, while unemployment had a negative impact. In contrast, government education spending demonstrated no significant relationship with GDP, hindered by persistent issues such as inequality, unstable policies, and low education quality. The findings highlight that free visa policies play a crucial role in boosting tourism income and overall economic performance. To sustain long-term growth and competitiveness, the study recommends a dual approach: implementing structural reforms to improve education quality and strengthening the tourism sector through targeted measures, including visa facilitation, product diversification, and responsible tourism practices.