Tourism Development Policy, Strategic Alliances and Impact of Consumer Price Index on Tourist Arrivals: The Case of Malaysia

Nanthakumar Loganathan, Yahaya Ibrahim and Madzli Harun ()

MPRA Paper from University Library of Munich, Germany

Abstract: Many studies have shown the importance of tourism industry in enhancing trade performance and economic development. This study examines the hypothesis of ‘economic-driven’ tourism growth in Malaysia by using econometric modelling. To generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using vector autoregressive (VAR) estimation. The long-run relationship between specific variables is considered using the Johansen and Juselius cointegration analysis. Finally, Granger-causality results implies causal relationship of economic-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic-driven tourism in Malaysia in the future.

Keywords: Tourism; economic growth; consumer price index (search for similar items in EconPapers)
JEL-codes: L83 M1 O1 (search for similar items in EconPapers)
Date: 2007-07-06, Revised 2007-11-24
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in TOURISMOS: An International Multidisciplinary Refereed Journal of Tourism 1.3(2008): pp. 83-98

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