This empirical study examines an import demand function for Cambodia by employing time series data during 1993-2015. This study uses Autoregressive Distributed Lag (ARDL) model to investigate the impact of relative prices, foreign direct investment, final consumption expenditure, export volume, exchange rate and foreign exchange reserve on import demand in Cambodia for both long run and short run. The study finds that relative prices and exchange rate are negative effect on import demand in Cambodia for both long and short run, while export volume is positively effect on import demand. While, foreign direct investment, final consumption expenditure, and foreign exchange reserve are insignificant impact on import demand in Cambodia. The finding suggests that the Cambodian government should monitor domestic price.
This study employs the SAM-based model combining with multiplier product matrix and field of influence approaches. Under three input–output transaction table matrices of the years 2005, 2010, and 2015, these approaches assess the dynamic tourism inter-industry linkages and structural economic changes in Cambodia. We find that the overall inter-industry connection is relatively low. The textile, other manufacturing, and transportation and communication are key sectors. They have the largest coefficient field of influence of changes in the economic system. Tourism has shifted to be a key sector in 2010 and 2015. However, its backward and forward linkages are still small. It is a relatively promising sector generating a large coefficient field of influence of changes, showing less strength of overall connection with other industries. This study may suggest that there would be a need for promoting, encouraging, and investing in key economic sectors. Policy intervention should focus on developing domestic tourism linkages and strengthening inter-industry ties to diversity tourism benefits the local economy.
This study empirically examines the impact of the tourism endowments, institution quality, and its sub-components on inbound tourists in the Association of Southeast Asia Nation (ASEAN) member states using the fixed-effect model and panel data set from 2007–2017. The results show that the tourism endowment index and institution quality are essential factors that encourage inbound tourists to visit individual ASEAN member states. I further examine inbound tourists’ responses to each sub-component of institution quality. I corroborate that most of the sub-components of institution quality play an essential role in promoting inbound tourism in individual ASEAN member states. Other variables, such as China’s GDP per capita, foreign direct investment (FDIs), and single-entry visa schemes, show positive and significant impacts on inbound tourists in individual ASEAN member states. Therefore, these results aid the government and the policymakers in ASEAN member states to provide additional, appropriate tourism strategic development plans and policies.
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