Tourism and economic growth in Malaysia: Evidence from multivariate causality tests
The aim of this study is to investigate the presence as well as direction of (significant) causal relationship between the Malaysian international tourism receipts and real growth in its national economy. Based on the sample period of I994 through 2004, the data are examined from the perspective of...
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
ASEAN Universities Consortium of Enterpreneurship Education (AUCEE)
2010
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/2962/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean555.pdf |
| _version_ | 1825740063886016512 |
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| author | Kadir, Norsiah Abdullah, Mat Saad |
| author2 | Ismail , Dahlan |
| author_facet | Ismail , Dahlan Kadir, Norsiah Abdullah, Mat Saad |
| author_sort | Kadir, Norsiah |
| collection | UUM |
| description | The aim of this study is to investigate the presence as well as direction of (significant) causal relationship between the Malaysian international tourism receipts and real growth in its national economy. Based on the sample period of I994 through 2004, the data are examined from the
perspective of multivariate causality procedure. Major finding of the study is twofold: First, international tourism receipts and real economic growth are found to be significantly cointegrated. Secondly, multivariate causality test based on the error correction model reveals
that the Granger causality between international tourism receipts and real economic growth is unidirectional - running from real economic growth to international tourism receipts. The practical implication that could be conceived from this 'growth-led tourism' finding is that, as the
Malaysian economy is growing, accelerated growth of socio-economic activities as well as business opportunities in its tourism-related sectors could be expected. |
| first_indexed | 2024-07-04T05:20:34Z |
| format | Book Section |
| id | uum-2962 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:20:34Z |
| publishDate | 2010 |
| publisher | ASEAN Universities Consortium of Enterpreneurship Education (AUCEE) |
| record_format | eprints |
| spelling | uum-29622016-04-25T02:04:10Z https://repo.uum.edu.my/id/eprint/2962/ Tourism and economic growth in Malaysia: Evidence from multivariate causality tests Kadir, Norsiah Abdullah, Mat Saad GV Recreation Leisure The aim of this study is to investigate the presence as well as direction of (significant) causal relationship between the Malaysian international tourism receipts and real growth in its national economy. Based on the sample period of I994 through 2004, the data are examined from the perspective of multivariate causality procedure. Major finding of the study is twofold: First, international tourism receipts and real economic growth are found to be significantly cointegrated. Secondly, multivariate causality test based on the error correction model reveals that the Granger causality between international tourism receipts and real economic growth is unidirectional - running from real economic growth to international tourism receipts. The practical implication that could be conceived from this 'growth-led tourism' finding is that, as the Malaysian economy is growing, accelerated growth of socio-economic activities as well as business opportunities in its tourism-related sectors could be expected. ASEAN Universities Consortium of Enterpreneurship Education (AUCEE) Ismail , Dahlan Yahya , Mohd Azlan Latif, Abdul Aziz Zalazilah, Mohd Hanizan Hamidon, Syahirah Jaafar, Mohd Khairi 2010 Book Section PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/2962/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean555.pdf Kadir, Norsiah and Abdullah, Mat Saad (2010) Tourism and economic growth in Malaysia: Evidence from multivariate causality tests. In: The First Seminar On: Entrepreneurship and Societal Development in Asean (ISE-SODA 2010) "Achieving Regional Growth through Entrepreneurship Education", 27th February-1st March 2010, City Bayview Hotel Langkawi. ASEAN Universities Consortium of Enterpreneurship Education (AUCEE), pp. 1-9. ISBN 983-2078-36-4 |
| spellingShingle | GV Recreation Leisure Kadir, Norsiah Abdullah, Mat Saad Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title | Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title_full | Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title_fullStr | Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title_full_unstemmed | Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title_short | Tourism and economic growth in Malaysia: Evidence from multivariate causality tests |
| title_sort | tourism and economic growth in malaysia evidence from multivariate causality tests |
| topic | GV Recreation Leisure |
| url | https://repo.uum.edu.my/id/eprint/2962/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean555.pdf |
| work_keys_str_mv | AT kadirnorsiah tourismandeconomicgrowthinmalaysiaevidencefrommultivariatecausalitytests AT abdullahmatsaad tourismandeconomicgrowthinmalaysiaevidencefrommultivariatecausalitytests |