Artikel

Drivers of growth in the travel and tourism industry in Malaysia: A Geweke causality analysis

The travel and tourism industry has been growing in importance for several developing countries. It has not only generated considerable foreign exchange revenues but has also contributed to the overall output and socio-economic development of these countries. Within the Asia and Pacific region, data for 2014 indicates that Malaysia was ranked very highly at no. 26 out of the 184 countries in the world in terms of the relative importance of the contribution of the travel and tourism industry to its national output. In this light, this paper aims to undertake an empirical examination of the factors driving international tourist arrivals into Malaysia. The paper attempts to identify the causal determinants of the growth of the travel and tourism industry, using quarterly data from 2000 to 2012, under a Geweke causality framework. The empirical results suggest Malaysia's government expenditures on tourism promotion as well as infrastructure investments such as enhancing airport facilities are causal and significant determinants of growth in the travel and tourism industry.

Sprache
Englisch

Erschienen in
Journal: Economies ; ISSN: 2227-7099 ; Volume: 4 ; Year: 2016 ; Issue: 1 ; Pages: 1-15 ; Basel: MDPI

Klassifikation
Wirtschaft
Economic Growth and Aggregate Productivity: General
Thema
Geweke causality
economic growth
travel and tourism
Malaysia
competitiveness

Ereignis
Geistige Schöpfung
(wer)
Giap, Tan Khee
Gopalan, Sasidaran
Ye, Ye
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2016

DOI
doi:10.3390/economies4010003
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Giap, Tan Khee
  • Gopalan, Sasidaran
  • Ye, Ye
  • MDPI

Entstanden

  • 2016

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