Munich Personal RePEc Archive

The Validity of the Tourism-Led Growth Hypothesis for Thailand

Jiranyakul, Komain (2016): The Validity of the Tourism-Led Growth Hypothesis for Thailand.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_72806.pdf]

Download (167kB) | Preview


This paper explores the validity of the tourism-led growth hypothesis for Thailand using quarterly data during 1995 and 2014. The results from the analysis show that the relationship between tourism receipts and real GDP is nonlinear without asymmetric adjustment. The nonlinearity in this relationship is found from the results of threshold cointegration tests. The causality analysis indicates no causality running from tourism receipts to real GDP in both the long run and the short run. The finding in this paper gives some policy implications.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.