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Tourism and economic growth in Malaysia: Evidence from multivariate causality tests


Kadir, Norsiah and Abdullah, Mat Saad (2010) Tourism and economic growth in Malaysia: Evidence from multivariate causality tests. In: The First Seminar On: Entrepreneurship and Societal Development in Asean (ISE-SODA 2010) "Achieving Regional Growth through Entrepreneurship Education", 27th February-1st March 2010, City Bayview Hotel Langkawi. ASEAN Universities Consortium of Enterpreneurship Education (AUCEE), pp. 1-9. ISBN 983-2078-36-4

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Abstract

The aim of this study is to investigate the presence as well as direction of (significant) causal relationship between the Malaysian international tourism receipts and real growth in its national economy. Based on the sample period of I994 through 2004, the data are examined from the perspective of multivariate causality procedure. Major finding of the study is twofold: First, international tourism receipts and real economic growth are found to be significantly cointegrated. Secondly, multivariate causality test based on the error correction model reveals that the Granger causality between international tourism receipts and real economic growth is unidirectional - running from real economic growth to international tourism receipts. The practical implication that could be conceived from this 'growth-led tourism' finding is that, as the Malaysian economy is growing, accelerated growth of socio-economic activities as well as business opportunities in its tourism-related sectors could be expected.

Item Type: Book Section
Additional Information: This seminar is collaboration between The Co-operative and Entrepreneurship Development Institute (CEDI) of Universiti Utara Malaysia; National Entrepreneurship Institute (INSKEN); Universiti Padjajaran (UNPAD), Bandung; Universiti Komputer Indonesia (UNIKOM) and Prince Songkla of University (PSU), Thailand.
Uncontrolled Keywords: Tourism, economic growth, multivariate causality tests, Malaysia
Subjects: G Geography. Anthropology. Recreation > GV Recreation Leisure
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 09 May 2011 13:09
Last Modified: 25 Apr 2016 02:04
URI: http://repo.uum.edu.my/id/eprint/2962

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