The role of tourism and exchange rate on economic growth:Evidence from the BIMP-EAGA countries

Hanafiah Harvey (), Fumitaka Furuoka and Qaiser Munir ()
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Hanafiah Harvey: Pennsylvania State University, Mont Alto

Economics Bulletin, 2013, vol. 33, issue 4, 2756-2762

Abstract: Developing economies as well as developed economies recognized appropriate tourism policies will be an important factor in promoting economic growth. BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) was conceived with the objective to speed up economic development among the four countries and one of which is focused on tourism. Focusing on annual data, this paper utilized the bounds testing approach to cointegration and error-correction modeling to evaluate if tourism and exchange rates promote economic growth in BIMP-EAGA. The results revealed that Philippines is the only country that has a positive short and long impact from tourism's industry and exchange rates.

Keywords: Tourism; Economic Growth; BIMP-EAGA; ARDL; Exchange Rate (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
Date: 2013-10-24
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Citations: View citations in EconPapers (1)

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