Does tourism effectively stimulate Malaysia's economic growth?
Chor Foon Tang and
Eu Chye Tan
Tourism Management, 2015, vol. 46, issue C, 158-163
Abstract:
This study attempts to further verify the validity of the tourism-led growth hypothesis in Malaysia using a multivariate model derived from the Solow growth theory. It employs annual data from 1975 to 2011. We find that economic growth, tourism and other determinants are cointegrated. Specifically, tourism has a positive impact on Malaysia's economic growth both in the short-run and in the long-run. The Granger causality test indicates that tourism Granger-causes economic growth. All this provides the empirical support for the tourism-led growth hypothesis in Malaysia. In light of this, any policy initiative that promotes tourism could contribute to Malaysia's economic growth.
Keywords: Causality; Cointegration; Economic growth; Malaysia; Tourism (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (57)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0261517714001228
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:touman:v:46:y:2015:i:c:p:158-163
DOI: 10.1016/j.tourman.2014.06.020
Access Statistics for this article
Tourism Management is currently edited by Chris Ryan
More articles in Tourism Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().