Wealth effect from real estate and outbound travel demand: the Malaysian case
This study uses quarterly data from Malaysia (2000–2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WER...
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| Format: | Article |
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Taylor and Francis Inc.
2017
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| _version_ | 1796861511089520640 |
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| author | Hassan, Gholipour Fereidouni Al-Mulali, Usama Mohammed, Miswan @ Abdul Hakim |
| author_facet | Hassan, Gholipour Fereidouni Al-Mulali, Usama Mohammed, Miswan @ Abdul Hakim |
| author_sort | Hassan, Gholipour Fereidouni |
| collection | ePrints |
| description | This study uses quarterly data from Malaysia (2000–2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents. |
| first_indexed | 2024-03-05T19:57:30Z |
| format | Article |
| id | utm.eprints-66450 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T19:57:30Z |
| publishDate | 2017 |
| publisher | Taylor and Francis Inc. |
| record_format | dspace |
| spelling | utm.eprints-664502017-10-03T07:54:01Z http://eprints.utm.my/66450/ Wealth effect from real estate and outbound travel demand: the Malaysian case Hassan, Gholipour Fereidouni Al-Mulali, Usama Mohammed, Miswan @ Abdul Hakim G Geography. Anthropology. Recreation This study uses quarterly data from Malaysia (2000–2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents. Taylor and Francis Inc. 2017-01-01 Article PeerReviewed Hassan, Gholipour Fereidouni and Al-Mulali, Usama and Mohammed, Miswan @ Abdul Hakim (2017) Wealth effect from real estate and outbound travel demand: the Malaysian case. Current Issues in Tourism, 20 (1). pp. 68-79. ISSN 1368-3500 http://dx.doi.org/10.1080/13683500.2014.882886 DOI:10.1080/13683500.2014.882886 |
| spellingShingle | G Geography. Anthropology. Recreation Hassan, Gholipour Fereidouni Al-Mulali, Usama Mohammed, Miswan @ Abdul Hakim Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title | Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title_full | Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title_fullStr | Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title_full_unstemmed | Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title_short | Wealth effect from real estate and outbound travel demand: the Malaysian case |
| title_sort | wealth effect from real estate and outbound travel demand the malaysian case |
| topic | G Geography. Anthropology. Recreation |
| work_keys_str_mv | AT hassangholipourfereidouni wealtheffectfromrealestateandoutboundtraveldemandthemalaysiancase AT almulaliusama wealtheffectfromrealestateandoutboundtraveldemandthemalaysiancase AT mohammedmiswanabdulhakim wealtheffectfromrealestateandoutboundtraveldemandthemalaysiancase |