Determinants of Chinese demand for tourism in Malaysia

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.36

Chin-Hong Puah, Suk Hie Huan, F. Thien

引用次数: 12

Abstract

Tourism sector in Malaysia has always been one of its focal service industries not only in the past, but in the future as well in which Malaysian government has been focusing on diverting its economic activities from a resource-based to a service-based economy in its new economic model. China, a strongly emerging economy has been ranked as the third main tourist generating country for Malaysia since 2012. Hence, this study empirically identifies the macroeconomic determinants affecting the tourism demand from China to Malaysia. These determinants include real income, travel cost, exchange rate and trade openness. Particularly, real income and trade openness are evident to positively affect Chinese tourism demand while travel cost and exchange rate are found to adversely influence Chinese tourists’ decision to travel to Malaysia. Key words: International tourism, Malaysia, ARDL

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中国赴马来西亚旅游需求的决定因素

旅游业一直是马来西亚的重点服务产业之一，不仅在过去，而且在未来，马来西亚政府一直致力于将其经济活动从资源型经济转向服务型经济，在新的经济模式中。中国是一个强劲的新兴经济体，自2012年以来一直是马来西亚第三大旅游来源国。因此，本研究实证地确定了影响中国到马来西亚旅游需求的宏观经济决定因素。这些决定因素包括实际收入、旅行成本、汇率和贸易开放程度。特别是，实际收入和贸易开放程度明显对中国游客的旅游需求产生积极影响，而旅游成本和汇率对中国游客前往马来西亚的决定产生不利影响。关键词:国际旅游，马来西亚，ARDL

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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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.