Tang, C.F. and Tan, E.C. (2015) Does tourism effectively stimulate Malaysia's economic growth? Tourism Management, 46. pp. 158-163.
Full text not available from this repository.Abstract
This study attempts to further verify the validity of the tourism-led growth hypothesis in Malaysia using a multivariate model derived from the Solow growth theory. It employs annual data from 1975 to 2011. We find that economic growth, tourism and other determinants are cointegrated. Specifically, tourism has a positive impact on Malaysia's economic growth both in the short-run and in the long-run. The Granger causality test indicates that tourism Granger-causes economic growth. All this provides the empirical support for the tourism-led growth hypothesis in Malaysia. In light of this, any policy initiative that promotes tourism could contribute to Malaysia's economic growth. (C) 2014 Elsevier Ltd. All rights reserved.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | Causality; Cointegration; Economic growth; Malaysia; Tourism |
| Depositing User: | Mr. Faizal Hamzah |
| Date Deposited: | 02 Jan 2015 02:45 |
| Last Modified: | 02 Jan 2015 02:45 |
| URI: | http://eprints.um.edu.my/id/eprint/11625 |
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