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Tourism and economic growth in Malaysia: Evidence from tourist arrivals from ASEAN-5 countries


Kadir, Norsiah and Abd Karim, Mohd Zaini (2012) Tourism and economic growth in Malaysia: Evidence from tourist arrivals from ASEAN-5 countries. Economic Research, 25 (4). pp. 1089-1100. ISSN 1331-677X

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Abstract

This paper examined the causal relationship between tourism and economic growth in Malaysia by using panel time-series approach. Results from the panel cointegration analysis suggest the existence of cointegration between international tourism receipts and real economic growth.Results of the panel causality test based on the error correction model show Granger causality running from international tourism receipts to real economic growth indicating the existence of both short- and long-run relationship between the two.The results provide evidence of the significance contribution of tourism industry to Malaysia's economic growth justifying the necessity of public intervention in providing tourism infrastructure and facilities.

Item Type: Article
Uncontrolled Keywords: Tourism; Economic growth; Panel cointegration; Panel causality; Malaysia;ASEAN-5
Subjects: G Geography. Anthropology. Recreation > G Geography (General)
Divisions: School of Business Management
Depositing User: Prof. Dr. Mohd Zaini Abd Karim
Date Deposited: 11 Aug 2015 03:25
Last Modified: 20 Apr 2016 03:57
URI: http://repo.uum.edu.my/id/eprint/15113

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