Tourism and economic growth in Asia: a symmetric and asymmetric causality

IF 2.7 Q2 HOSPITALITY, LEISURE, SPORT & TOURISM

Journal of Policy Research in Tourism Leisure and Events Pub Date : 2023-10-29 DOI:10.1080/19407963.2023.2266713

Tsung-Pao Wu, Hung-Che Wu, Ya-Tian Liu, Shaodian Chu, Zhiyun He

引用次数: 0

Abstract

ABSTRACTThis study aims to investigate the causal relationship between economic growth and real international tourism revenues (RITRs) in 11 Asian areas from 1995 to 2019. The method employed in this study involves utilizing a special bootstrap multivariate Granger causality test. The results of this analysis complement the findings of the asymmetric panel causality test, as they reveal a causal relationship between positive shocks to RITRs and positive shocks to real gross domestic product (RGDP) in Singapore and Thailand, respectively. Additionally, negative shocks in Cambodia, Hong Kong and Macau demonstrate a causal link between RITRs and RGDP, suggesting that fluctuations in tourism revenues can impact the economic growth of these regions.KEYWORDS: Tourismeconomic developmentsymmetric and asymmetric Granger causality testpanel data‌Asia Disclosure statementNo potential conflict of interest was reported by the author(s).

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亚洲旅游业与经济增长:对称与不对称的因果关系

摘要本研究旨在探讨1995 - 2019年亚洲11个地区经济增长与实际国际旅游收入(ritr)的因果关系。本研究采用的方法包括使用一个特殊的自举多元格兰杰因果检验。该分析的结果补充了非对称面板因果检验的结果，因为它们分别揭示了新加坡和泰国的ritr正冲击与实际国内生产总值(RGDP)正冲击之间的因果关系。此外，柬埔寨、香港和澳门的负面冲击表明，ritr与RGDP之间存在因果关系，这表明旅游收入的波动会影响这些地区的经济增长。关键词:旅游经济发展对称与非对称格兰杰因果关系检验面板数据亚洲披露声明作者未报告潜在利益冲突。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Policy Research in Tourism Leisure and Events HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

6.90

自引率

19.40%

发文量

期刊介绍： Journal of Policy Research in Tourism, Leisure & Events provides a unique forum for critical discussion of public policy debates relating to the fields of tourism, leisure and events. This encompasses the economic, social, cultural, political and environmental dimensions of official intervention. In addition to high quality theoretical and empirical papers, the journal publishes contributions examining the value of contrasting methodologies, or advocacy of novel methods. Inter- and multi-disciplinary submissions are particularly welcome. In order to foster debate and extend the scope of discussion, it publishes shorter carefully argued position statements on specific, topical interventions in the Contemporary Policy Debates section. In addition, the journal’s novel Dialogues section involves ‘point/counter-point’ debates between contributors on a range of policy-related or policy research-related topics. These may interrogate key concepts from different cultural, theoretical or spatial perspectives, or discuss potential responses to a range of practical challenges involved in undertaking policy-related research in the fields of tourism, leisure and events. With a swiftly growing academic reputation, the journal is ‘B’ rated by the Australian Business Deans Council (ABDC). It has received citations from a number of senior practitioners and influential bodies, including the Organisation for Economic Cooperation and Development (OECD).