Asian Tourism Demand For Malaysia: A Bound Test Approach
نویسندگان
چکیده
The objective of this paper is to investigate the long-run and short-run relationships among tourist arrivals to Malaysia and tourism price, substitute price, travelling cost, income and exchange rate for Asian7. The autoregressive distributed lag (ARDL) bounds test approach developed by Pesaran et al. (2001) is employed in the analysis, and the data cover the period 1970 to 2004. The empirical results show that in the long-run and short-run the tourism price, travelling cost, substitute price and income are the major determinants of Malaysia's tourism demand. The results also show that word-of mouth effect, world economic crisis (1997-98) and the outbreak of SARS (2002-03) significantly affected the demand for Malaysia's tourism in the shortrun. The findings are consistent with the economic theory and the model passed all the diagnostic tests.
منابع مشابه
Iranian Tourism Demand for Malaysia: A Bound Test Approach
This paper investigate Iranian tourism demand to Malaysia using the recently developed autoregressive distributed lag (ARDL) ‘Bound test’ approach to cointegration for 2000:Q1 to 2013:Q4. The demand for tourism has been explained by macroeconomic variables, including income in Iran, tourism prices in Malaysia, tourism price substitute, travel cost and trade value between Iran and Malaysia. In a...
متن کاملForecasting the Demand for Health Tourism in Asian Countries Using a Gm(1,1)-alpha Model
The purpose – Accurately forecasting the demand for international health tourism is important to newly-emerging markets in the world. The aim of this study was presents a more suitable and accurate model for forecasting the demand for health tourism that should be more theoretically useful. Design – Applying GM(1,1) with adaptive levels of α (hereafter GM(1,1)-α model) to provide a concise pred...
متن کاملAn ECM Analysis of Thai Tourism Demand in Malaysia
Tourism industry is one of the important service industries that play a crucial role in the development of Malaysian economy. Thailand has been ranked among the top five tourist generating countries for Malaysia since the last decade. This paper intends to determine factors affecting Thai tourism demand in Malaysia from the macroeconomic perspective by utilizing quarterly data from 2000Q1 to 20...
متن کاملMammalian Wildlife Tourism in South-east Asian Tropical Rainforests: the Case of Endau Rompin National Park, Malaysia
AIHARA Y, HOSAKA T, YASUDA M, HASHIM M & NUMATA S. 2016. Mammalian wildlife tourism in South-East Asian tropical rainforests: the case of Endau Rompin National Park, Malaysia. Wildlife tourism is for the purpose of watching and/or encountering wildlife. In South-east Asia, mammalian wildlife tourism is less popular than in Africa. This is because mammalian wildlife tourism in South-East Asia is...
متن کامل