A Critical Analysis on Reviving the Tourism Industry in Bangladesh after Covid-19
The aim of this paper is to critically analyse the pathway for reviving Bangladesh's tourism industry. By using Computable General Equilibrium Modelling (CGE) approach, we find that tourism industry of Bangladesh is heavily affected by the Covid-19 pandemic apart readymade garments, health, education, and some other service and manufacturing industries. Besides, within the tourism industry, impact of accommodation services is considerably high with 34.2% reduction of sectoral output. Government stimulus packages have been found to be effective in mitigating the sudden Covid-19 shock. However, we show that targeted government expenditures (stimulus packages and other explicit expenditures) rather than only government stimulus packages bring a win-win situation not only for tourism industry but for the country as well. We argue that institutional integrity along with the policy suggestions derived from the analysis are essential to help the tourism industry of Bangladesh to bounce back on the original growth trajectory in the post Covid-19 era.