The Relationship Between Human Development, Tourism and Economic Growth: Evidence From Malaysia

Yan-Teng Tan, Pei-Tha Gan (), Mohd Yahya Mohd Hussin and Norimah Ramli

Research in World Economy, 2019, vol. 10, issue 5, 96-103

Abstract: A remarkable feature of empirical studies is that not many research works investigate the relation between human development and tourism. Although gross domestic product may replace human development to measure economy progress and human well-being in relation to tourism, however, this definition, is narrow, limits to economic side, and ignores the social and cultural factors. To overcome this shortcoming, this study examines the relationship between human development, tourism and economic growth in Malaysia. By using different cointegration approaches, the results indicate that tourism is positively related to human development in the long run. The finding suggests that the known relationship may serve as a guide to policy makers to achieve better development of social and cultural in order to promote the growth.

Keywords: human development; tourism; cointegration; vector error correction (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciedu.ca/journal/index.php/rwe/article/view/16940/10532 (application/pdf)
http://www.sciedu.ca/journal/index.php/rwe/article/view/16940 (text/html)

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:jfr:rwe111:v:10:y:2019:i:5:p:96-103

DOI: 10.5430/rwe.v10n5p96

Access Statistics for this article

Research in World Economy is currently edited by Gina Perry

More articles in Research in World Economy from Research in World Economy, Sciedu Press
Bibliographic data for series maintained by Gina Perry ().