肯尼亚旅游业与金融发展的关系：多元方法

Journal of Transnational Management Pub Date : 2021-01-02 DOI:10.1080/15475778.2021.1880879

Mercy. T. Musakwa, N. Odhiambo

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引用次数: 5

摘要

摘要在本研究中，利用1995年至2017年的年度时间序列数据，调查了肯尼亚金融发展与旅游业之间的因果关系。这项研究的动机是人们认为旅游业在过去几十年中在肯尼亚经济的各个方面发挥了作用。使用了两种金融发展指标，即广义货币供应量和股票市场发展（以交易股票总价值占GDP的百分比表示）。还使用了两个间歇变量，即实际GDP和实际有效汇率，从而形成了一个多变量Granger因果方程系统。使用协整的自回归分布滞后（ARDL）边界检验方法和基于ECM的Granger因果关系模型，结果表明，股市发展和广义货币供应Granger都会导致肯尼亚旅游业的发展，但只是在短期内。结果表明，金融发展的两个指标都有潜力刺激肯尼亚的旅游业发展，至少在短期内是这样。

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Tourism and financial development nexus in Kenya: A multivariate approach

Abstract In this study, the causal relationship between financial development and tourism in Kenya is investigated using annual time series data from 1995 to 2017. The study was motivated by the perceived role that the tourism sector has played in the various facets of the Kenyan economy over the past decades. Two proxies of financial development were used, namely broad money supply and stock market development (which is proxied by the total value of stocks traded as a percentage of GDP). Two intermittent variables were also used, namely real GDP and real effective exchange rate, thereby leading to a system of multivariate Granger-causality equations. Using the autoregressive distributed lag (ARDL) bounds testing approach to cointegration and ECM-based Granger-causality model, the results show that both stock market development and broad money supply Granger-cause tourism in Kenya, but only in the short run. The results show that both proxies of financial development have the potential to spur tourism development in Kenya, at least in the short run.

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来源期刊

Journal of Transnational Management Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.