Contribution of disaggregated tourism on Thailand's economic growth

Chulaphan, Wanvilai; Barahona, Jorge Fidel

doi:10.1016/j.kjss.2017.07.012

Cited by 30 publications

(27 citation statements)

References 30 publications

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“…Unidirectional causality running from economic growth to tourism, from financial development to FDI inflows, from tourism to FDI inflows is existed. However, these results are consistent with the findings of Ohlan (2017) for India; Seghir, Mostefa, Abbes, and Zakarya (2015) for 49 countries; Başarir and Ç akir (2015) for Turkey, France, Spain, Italy and Greece; Chulaphan, and Barahona (2017) for Thailand.…”

Section: The Results Of Multivariate Granger Causality Testssupporting

confidence: 91%

Time Series Analysis among Tourism, Financial Development, FDI and Economic Growth in Jordan

Omoush¹

2018

IJEF

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This study investigates the relationships among tourism, financial development, FDI inflows and economic growth in Jordan for the period. The current paper has used bounds testing approach to confirm the relationship among the study variables. Multivariate Granger causality test is used to determine the directions of causality between the study variables. The results confirmed that there is evidenced of relationships among tourism, financial development, FDI inflows and economic growth. Also, the multivariate Granger causality test confirmed deferent directions of causal among the study variables.

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Section: The Results Of Multivariate Granger Causality Testssupporting

confidence: 91%

Time Series Analysis among Tourism, Financial Development, FDI and Economic Growth in Jordan

Omoush¹

2018

IJEF

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“…The answer to this question is twofold, that is, the complementary and substitutive view. The complementary view subscribes to the idea that tourism provides foreign currency in the economy accounted as receipts from tourists' consumption (Chulaphan & Barahona, 2018). The foreign currency is then used to buy capital goods from other countries and improves the economic growth.…”

Section: Introductionmentioning

confidence: 99%

An Analysis of the Contribution of Tourism on Economic Growth in South African Provinces: A Panel Analysis

Garidzirai¹,

Pasara²

2020

GTG

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“…He established that the two variables have a positive effect on GDP and there is an evidence of unidirectional causality running from the tourism sector to GDP, confirming the Tourism-Led Economic Growth Hypothesis. Chulaphan and Barahona [ 12 ] made a model about the tourism sector and the economic growth in Thailand over the period of January 2008 to November 2015. They used the VAR procedure and Granger causality to analyze the link among the number of tourism arrival and industrial production index as a proxy of economic growth; as result, they concluded that there is a unidirectional causality running from the number of tourism arrival from Southeast Asia to industrial production index, while there was another one-way causality running from the proxy of the economic growth to the number of tourism arrival from Oceania.…”

Section: Literature Reviewmentioning

confidence: 99%

Examining the connection among national tourism expenditure and economic growth in Algeria

Hassoun¹,

Adda

Sebbane

2021

Futur Bus J

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Tourism is one of the most important sectors for several researchers and decision makers, due to its influence on the world economic growth in the twenty-first century, making it as a source of competition between countries to a global industry for its effective strategic role in the development of countries. In this paper, we used two variables natural logarithm of per capita gross domestic product (GDP) and natural logarithm of per capita international and national tourism expenditure (ITE) to study the relationship between the tourism sector and economic growth in Algeria over the period of 1995–2017. We established with the unit root test with and without breakpoint that the variables are stationary in the first difference and there is a structural break in (ITE) and (GDP). Thus, with the presence of a breakpoint, we employed the methodology of Gregory–Hansen to avoid such issue, but we found that there was no evidence of cointegration with breakpoint, so then we used the vector autoregressive model (VAR). The model showed that the tourism sector has a positive and insignificant coefficient on the economic growth, while the economic growth factor has a positive and significant on the tourism sector. In the short run, there was a one-way causality from GDP to ITE at the level of 1%, confirming the economic-driven tourism growth hypothesis. Also, we found with Breitung and Candelon causality that there was same causality at the level of 10%.

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Contribution of disaggregated tourism on Thailand's economic growth

Cited by 30 publications

References 30 publications

Time Series Analysis among Tourism, Financial Development, FDI and Economic Growth in Jordan

Time Series Analysis among Tourism, Financial Development, FDI and Economic Growth in Jordan

An Analysis of the Contribution of Tourism on Economic Growth in South African Provinces: A Panel Analysis

Examining the connection among national tourism expenditure and economic growth in Algeria

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