Lau, Evan and Oh, Swee-Ling and Hu, Sing-Sing (2008): TOURIST ARRIVALS AND ECONOMIC GROWTH IN SARAWAK.
Download (196kB) | Preview
This study empirically investigates the comovements and the causality relationship between tourist arrivals and economic growth in Sarawak during the period of 1972 to 2004. The empirical evidence clearly shows that the long run causality running from tourist arrivals to economic growth in the estimation period. As one of the income generator for Sarawak, the findings are consistent with economic theory and proffer important policy conclusions.
|Item Type:||MPRA Paper|
|Original Title:||TOURIST ARRIVALS AND ECONOMIC GROWTH IN SARAWAK|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General
|Depositing User:||Evan Lau|
|Date Deposited:||09. Aug 2008 11:07|
|Last Modified:||05. Aug 2015 04:44|
Akis, S. (1998) A compact econometric model of tourism demand for Turkey. Tourism Management, 19, 99-102.
Durbarry, R. (2004) Tourism and economic growth: The case of Mauritius. Tourism Economics, 10, 389-401.
Elliott, G., Rothenberg, T.J. and Stock, J.H. (1996) Efficient tests for an autoregressive unit root. Econometrica, 64, pp.813-836.
Federal Accounting Unit Sarawak, Department Statistic of Sarawak, various issues, Kuching, Sarawak.
Gonzalo, J. (1994) Five Alternative Methods of Estimating Long Run Equilibrium Relationships. Journal of Econometrics, 60, 203-233.
Immigration Department of Sarawak, various issues, Kuching, Sarawak.
Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegrating with applications for the demand for money. Oxford Bulletin of Economics and Statistics, 52, pp. 169-210.
Kwiatkowski, D., Phillips, P.C.B., Schmidt, P. and Shin, Y. (1992) Testing the null hypothesis of stationarity against the alternative of a unit root. How sure are we that economic time series have a unit root? Journal of Econometrics, 54, pp. 159-178.
Lanza, A., Temple, P. and Urga, G. (2003) The implications of tourism specialization in the long run: An econometric analysis for 13 OECD economies. Tourism Management, 24, 315-321.
Lea, J. (1988) Tourism and Development in the Third World, London: Routledge.
Lee, C. C. and Chang, C. P. (2008) Tourism development and economic growth: A closer look at panels. Tourism Management, 29, 180-192.
Lee, C. C. and Chien, M. S. (2008) Structure breaks, tourism development, and economic growth: Evidence from Taiwan. Mathematics and Computers in Simulation, 77, 358-368.
Narayan, P. K. (2004) Economic impact of tourism on Fiji’s economy: Empirical evidence from the computable general equilibrium model. Tourism Economics, 10, 419-433.
Narayan, P. K. (2006) Are Australia’s tourism markets converging? Applied Economics, 38, 1153-1162.
Nath, S. (1998) Environment resources, international tourism and taxation: The case of Mauritius. Social Science & Humanities and Law & Management Research Journal, 1, 83-110.
Phillips, P. C.B. (1991) Optimal Inference in Cointegrated Systems, Econometrica, 59, 283-306.
Said, E.S. and Dickey, D.A. (1984) Testing for unit roots in autoregressive-moving average models of unknown order. Biometrika, 71, pp. 599-607.
Sinclair, T. (1998) Tourism and economic development: A survey. Journal of Development Studies, 34, 1-51.
World Tourism Organization. (2007). About United Nation World Trade Organization. Tourism. World Wide Web: http://www.unwto.org.