Research Note: Empirical Assessment of the Tourism-Led Growth Hypothesis — The Case of Vietnam

Nguyen Ho Minh Trang, Nguyen Huu Chau Duc and Nguyen Tien Dung
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Nguyen Ho Minh Trang: College of Economics, Hue University, 100 Phung Hung street, Hue City, Vietnam, and University of Economics and Law, Vietnam National University, Ho Chi Minh City
Nguyen Huu Chau Duc: Hue University of Medicine and Pharmacy, Hue City, Vietnam, and Department of International Health, Tokyo Medical and Dental University, Tokyo, Japan
Nguyen Tien Dung: University of Economics and Law, Vietnam National University, Ho Chi Minh City, Vietnam

Tourism Economics, 2014, vol. 20, issue 4, 885-892

Abstract: This study examines the tourism-led growth hypothesis (TLGH) in Vietnam during the period 1992–2011. The authors use two-step procedures to test the hypothesis. They first apply cointegration and the Granger causality test to identify the relationships between tourism earning and gross domestic product (GDP). Second, they use growth decomposition methodology to measure the contribution of tourism to economic growth. The results indicate that it is worthwhile for the government to implement economic policies to stimulate economic growth through the tourism sector in Vietnam.

Keywords: TLGH; economic growth; cointegration; ECM; Granger causality; Vietnam (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:20:y:2014:i:4:p:885-892

DOI: 10.5367/te.2013.0307

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