Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling
This study augmented the IS-LM macroeconomics model to investigate the relevance of educational tourism to economic growth in Malaysia. We utilise the vector autoregressive model with exogenous variables to examine the dynamic impact of educational tourism, interest rate, and money on economic gro...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Malaysia Sarawak
2019
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/26698/1/IJBS%2020%203%202019%20924%20935.pdf |
| _version_ | 1803629176576540672 |
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| author | Tang, Chor-Foon Cheah, Yong Kang Chua, Soo Y. |
| author_facet | Tang, Chor-Foon Cheah, Yong Kang Chua, Soo Y. |
| author_sort | Tang, Chor-Foon |
| collection | UUM |
| description | This study augmented the IS-LM macroeconomics model to investigate the relevance of educational tourism
to economic growth in Malaysia. We utilise the vector autoregressive model with exogenous variables to
examine the dynamic impact of educational tourism, interest rate, and money on economic growth over the
period from 1996:Q1 to 2015:Q4. The results indicate that both money supply and educational tourism have
a positive effect on economic growth, while the effect of real interest rate on economic growth is negative. The impulse response and variance decomposition also suggest that educational tourism is relevant and has a positive long-term influence on economic growth. |
| first_indexed | 2024-07-04T06:33:42Z |
| format | Article |
| id | uum-26698 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:33:42Z |
| publishDate | 2019 |
| publisher | Universiti Malaysia Sarawak |
| record_format | dspace |
| spelling | uum-266982020-01-08T03:23:45Z https://repo.uum.edu.my/id/eprint/26698/ Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling Tang, Chor-Foon Cheah, Yong Kang Chua, Soo Y. HC Economic History and Conditions This study augmented the IS-LM macroeconomics model to investigate the relevance of educational tourism to economic growth in Malaysia. We utilise the vector autoregressive model with exogenous variables to examine the dynamic impact of educational tourism, interest rate, and money on economic growth over the period from 1996:Q1 to 2015:Q4. The results indicate that both money supply and educational tourism have a positive effect on economic growth, while the effect of real interest rate on economic growth is negative. The impulse response and variance decomposition also suggest that educational tourism is relevant and has a positive long-term influence on economic growth. Universiti Malaysia Sarawak 2019 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/26698/1/IJBS%2020%203%202019%20924%20935.pdf Tang, Chor-Foon and Cheah, Yong Kang and Chua, Soo Y. (2019) Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling. International Journal of Business and Society, 20 (3). pp. 924-935. ISSN 1511-6670 http://www.ijbs.unimas.my/index.php/content-abstract/current-issue |
| spellingShingle | HC Economic History and Conditions Tang, Chor-Foon Cheah, Yong Kang Chua, Soo Y. Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title | Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title_full | Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title_fullStr | Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title_full_unstemmed | Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title_short | Does educational tourism significantly influence economic growth? evidence from a macro-econometric modelling |
| title_sort | does educational tourism significantly influence economic growth evidence from a macro econometric modelling |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/26698/1/IJBS%2020%203%202019%20924%20935.pdf |
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