Asian tourism demand for Malaysia : a bound test approach.
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, traveling cost, income and exchange rate for Asian7. Theautoregressive distributed lag (ARDL) bounds test approach developed by Pesaran et al...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English English |
| Published: |
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/17686/1/Asian%20tourism%20demand%20for%20Malaysia.pdf |
| _version_ | 1796969314484486144 |
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| author | Mohd Salleh, Norlida Hanim Law, Siong Hook Ramachandran, Sridar Shuib, Ahmad Mohd Noor, Zaleha |
| author_facet | Mohd Salleh, Norlida Hanim Law, Siong Hook Ramachandran, Sridar Shuib, Ahmad Mohd Noor, Zaleha |
| author_sort | Mohd Salleh, Norlida Hanim |
| collection | UPM |
| description | 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, traveling cost, income and exchange rate for Asian7. Theautoregressive 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, traveling 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 short run. The findings are consistent with the economic theory and the model passed all the diagnostic tests. |
| first_indexed | 2024-03-06T07:41:10Z |
| format | Article |
| id | upm.eprints-17686 |
| institution | Universiti Putra Malaysia |
| language | English English |
| last_indexed | 2024-03-06T07:41:10Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | upm.eprints-176862015-10-23T03:33:36Z http://psasir.upm.edu.my/id/eprint/17686/ Asian tourism demand for Malaysia : a bound test approach. Mohd Salleh, Norlida Hanim Law, Siong Hook Ramachandran, Sridar Shuib, Ahmad Mohd Noor, Zaleha 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, traveling cost, income and exchange rate for Asian7. Theautoregressive 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, traveling 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 short run. The findings are consistent with the economic theory and the model passed all the diagnostic tests. 2008-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/17686/1/Asian%20tourism%20demand%20for%20Malaysia.pdf Mohd Salleh, Norlida Hanim and Law, Siong Hook and Ramachandran, Sridar and Shuib, Ahmad and Mohd Noor, Zaleha (2008) Asian tourism demand for Malaysia : a bound test approach. Contemporary Management Research, 4 (4). pp. 351-368. English |
| spellingShingle | Mohd Salleh, Norlida Hanim Law, Siong Hook Ramachandran, Sridar Shuib, Ahmad Mohd Noor, Zaleha Asian tourism demand for Malaysia : a bound test approach. |
| title | Asian tourism demand for Malaysia : a bound test approach. |
| title_full | Asian tourism demand for Malaysia : a bound test approach. |
| title_fullStr | Asian tourism demand for Malaysia : a bound test approach. |
| title_full_unstemmed | Asian tourism demand for Malaysia : a bound test approach. |
| title_short | Asian tourism demand for Malaysia : a bound test approach. |
| title_sort | asian tourism demand for malaysia a bound test approach |
| url | http://psasir.upm.edu.my/id/eprint/17686/1/Asian%20tourism%20demand%20for%20Malaysia.pdf |
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