Exchange Rate Exposure: Does exchange rate movement influence tourism development?
This paper examines the impact of exchange rate exposure on tourism demand using a dynamic panel of 23 sub Saharan Africa’s tourist destinations. Although, the research question for the paper focuses on whether uncertainty on the exchange rate can help explain why could exchange rate fluctuation...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
School of Social Sciences, USM
2017
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| Subjects: | |
| Online Access: | http://eprints.usm.my/40638/1/ART_44.pdf |
| _version_ | 1797010478252163072 |
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| author | Abdullah, AbdulQadir Idris Chua, Soo Yean |
| author2 | A Kadir, Nadhrah |
| author_facet | A Kadir, Nadhrah Abdullah, AbdulQadir Idris Chua, Soo Yean |
| author_sort | Abdullah, AbdulQadir Idris |
| collection | USM |
| description | This paper examines the impact of exchange rate exposure on tourism demand using a dynamic
panel of 23 sub Saharan Africa’s tourist destinations. Although, the research question for the
paper focuses on whether uncertainty on the exchange rate can help explain why could
exchange rate fluctuation co-move with the travel expenditure using data from these selected
African tourist destinations as well as the variations across countries in recent years. Utilising
annual data from 1996 to 2015 on dynamic panel estimation techniques, we provide evidence
which suggests that both variables exchange rate fluctuation and travel expenditure are
statistically significant determinants of tourism demand. The Penal autoregressive distributed
lagged ARDL panel cointegration test is utilised to examine the existence of a long run
association between exchange rate and travel expenditure and the findings from the panel
cointegration test reveals that real income, real xchange rates, price inflation and travel expenditure and international tourist arrival have long run relationship. We also employed pool (OLS), fixed effect (FE) and random effect (RE) models to investigate which of the models in
questions can at most have useful information to explain tourism demand subject to travel expenditure with respect to the selected sampled tourist destinations in Africa. |
| first_indexed | 2024-03-06T15:20:22Z |
| format | Book Section |
| id | usm.eprints-40638 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:20:22Z |
| publishDate | 2017 |
| publisher | School of Social Sciences, USM |
| record_format | dspace |
| spelling | usm.eprints-406382018-05-30T01:02:57Z http://eprints.usm.my/40638/ Exchange Rate Exposure: Does exchange rate movement influence tourism development? Abdullah, AbdulQadir Idris Chua, Soo Yean H1-99 Social sciences (General) This paper examines the impact of exchange rate exposure on tourism demand using a dynamic panel of 23 sub Saharan Africa’s tourist destinations. Although, the research question for the paper focuses on whether uncertainty on the exchange rate can help explain why could exchange rate fluctuation co-move with the travel expenditure using data from these selected African tourist destinations as well as the variations across countries in recent years. Utilising annual data from 1996 to 2015 on dynamic panel estimation techniques, we provide evidence which suggests that both variables exchange rate fluctuation and travel expenditure are statistically significant determinants of tourism demand. The Penal autoregressive distributed lagged ARDL panel cointegration test is utilised to examine the existence of a long run association between exchange rate and travel expenditure and the findings from the panel cointegration test reveals that real income, real xchange rates, price inflation and travel expenditure and international tourist arrival have long run relationship. We also employed pool (OLS), fixed effect (FE) and random effect (RE) models to investigate which of the models in questions can at most have useful information to explain tourism demand subject to travel expenditure with respect to the selected sampled tourist destinations in Africa. School of Social Sciences, USM A Kadir, Nadhrah Rahmat, Siti Rahyla Mohd Tayeb, Azmil Mohd, Saidatulakmal 2017 Book Section PeerReviewed application/pdf en http://eprints.usm.my/40638/1/ART_44.pdf Abdullah, AbdulQadir Idris and Chua, Soo Yean (2017) Exchange Rate Exposure: Does exchange rate movement influence tourism development? In: Social Sciences Postgraduate International Seminar (SSPIS) 2017. School of Social Sciences, USM, Pulau Pinang, Malaysia, pp. 336-343. ISBN 9789671544013 |
| spellingShingle | H1-99 Social sciences (General) Abdullah, AbdulQadir Idris Chua, Soo Yean Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title | Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title_full | Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title_fullStr | Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title_full_unstemmed | Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title_short | Exchange Rate Exposure: Does exchange rate movement influence tourism development? |
| title_sort | exchange rate exposure does exchange rate movement influence tourism development |
| topic | H1-99 Social sciences (General) |
| url | http://eprints.usm.my/40638/1/ART_44.pdf |
| work_keys_str_mv | AT abdullahabdulqadiridris exchangerateexposuredoesexchangeratemovementinfluencetourismdevelopment AT chuasooyean exchangerateexposuredoesexchangeratemovementinfluencetourismdevelopment |