The role of economic size in the interaction between international trade, international tourist arrivals, and transport modes: Empirical evidence in Vietnam
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引用次数: 0
Abstract
This study examines the role of economic size in the interaction between international trade, international tourist arrivals, and transport modes using the SARIMAX-(E)GARCH model. Using quarterly data for the period 2000–2023 in Vietnam shows that GDP is an important factor explaining the volatility of international trade, international tourist arrivals, and the majority of transport modes in Vietnam. International trade drives the majority of freight transport modes, but it is also positively impacted by sea and air transport. International tourist arrivals is a factor that promotes international trade and has a two-way relationship with passenger transport modes. The growth of international tourist arrivals also contributes to the development of air, road, and rail transport, and vice versa. Meanwhile, its relationship with passenger transport by sea and inland waterways has had the opposite trend. The interaction also shows the tendency for products to be complementary or substitutes between modes of transport. The outbreak of the COVID-19 pandemic has negatively affected international tourist arrivals and most modes of passenger transport, but it has had little impact on international freight and trade. These findings show the different roles of factors and are the basis for forecasting and setting out policies for the development of trade, tourism, and transport.
期刊介绍:
Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector