Tourism demand in Asean-5 countries: Evidence from panel data analysis

Wakimin, Nur Fadzlunnisaa; Azlina, Ab. Aziz Nor; Samsudin, Hazman

doi:10.5267/j.msl.2018.4.023

Cited by 16 publications

(13 citation statements)

References 31 publications

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“…The tourism industry has emerged as a key force for sustainable socioeconomic development globally [1,2]. The idea behind sustainable tourism is to visit the locations without harming the local community and nature and also having some constructive impact on the environment, society, as well as the economy of the country [3].…”

Section: Introductionmentioning

confidence: 99%

The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

Manzoor

Wei

Asif

et al. 2019

IJERPH

263

144

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In the global economy, tourism is one of the most noticeable and growing sectors. This sector plays an important role in boosting a nation’s economy. An increase in tourism flow can bring positive economic outcomes to the nations, especially in gross domestic product (GDP) and employment opportunities. In South Asian countries, the tourism industry is an engine of economic development and GDP growth. This study investigates the impact of tourism on Pakistan’s economic growth and employment. The period under study was from 1990 to 2015. To check whether the variables under study were stationary, augmented Dickey–Fuller and Phillips–Perron unit root tests were applied. A regression technique and Johansen cointegration approach were employed for the analysis of data. The key finding of this study shows that there is a positive and significant impact of tourism on Pakistan’s economic growth as well as employment sector and there is also a long-run relationship among the variables under study. This study suggests that legislators should focus on the policies with special emphasis on the promotion of tourism due to its great potential throughout the country. Policy implications of this recent study and future research suggestions are also mentioned.

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Section: Introductionmentioning

confidence: 99%

The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

Manzoor

Wei

Asif

et al. 2019

IJERPH

263

144

View full text Add to dashboard Cite

show abstract

“…Panel Data analysis, with Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE) are applied and Wakimin et al (2018) said that the results are consistent with the theory of demand. Wakimin et al (2018) argue that income per capita and trade appeared to exert significant positive relationship with tourism demand where an increase in income per capita and trade leads to a higher level of tourism demand. On the other hand, tourism price has a negative relationship with tourism demand in the region.…”

Section: Literature Reviewmentioning

confidence: 84%

Section: Literature Reviewmentioning

confidence: 99%

“…Meanwhile, Wakimin et al (2018) conducted a study aimed to determine the main factors that could affect tourism demand in ASEAN-5 countries, namely Malaysia, Indonesia, Singapore, Thailand, and the Philippines. Panel Data analysis, with Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE) are applied and Wakimin et al (2018) said that the results are consistent with the theory of demand. Wakimin et al (2018) argue that income per capita and trade appeared to exert significant positive relationship with tourism demand where an increase in income per capita and trade leads to a higher level of tourism demand.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Relationship between Macroeconomic Factors and Tourism Demand for ASEAN Countries

Pinjaman¹,

Pawan²

2021

IJAREMS

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The current paper investigates the relationship between macroeconomic factors and tourism demand for nine selected ASEAN countries. Based on the panel data analysis, it is identified that income is positively related to tourism demand where an increase in the level of income for ASEAN leads to higher tourist arrival to the region. The income is also shown to be the most important factor that determines tourism demand as demonstrated by the high coefficient value in the estimation. The appreciation of ASEAN currencies meanwhile is identified to discourage tourists from visiting the region and on the other hand, trade openness stimulates the demand as it implies the ease of entry. Since majority of the tourist came from developed countries with high purchasing power, price level is identified to be not significant in explaining the movement of tourism demand in the region. To develop the tourism sector, proper plans should be made including to improve the infrastructure, tourism facility and travel safety, and ease of entry considering the positive impact of economic development and trade openness. Relevant strategies should also be made to attract tourists from countries with higher purchasing power and strong currency value since it implies to be important in explaining the movement of tourism demand.

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“…Therefore, if we want to quantitatively analyze the impact of exhibitions on sustainable tourism (i.e., exhibition-driven tourism), then the number of tourists is a clear and direct indicator [9][10][11]. Second, the tourism industry has emerged as a key force for sustainable (socioeconomic) development globally [12]. Throughout the world, tourism and the travel sector are important economic areas [13].…”

Section: The Logical Model and Purposementioning

confidence: 99%

The Positive Impacts of Exhibition-Driven Tourism on Sustainable Tourism, Economics, and Population: The Case of the Echigo–Tsumari Art Triennale in Japan

Cai

Gao

et al. 2020

IJERPH

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After the recession in Japan in the 1990s, Japanese art exhibitions began to appear. The purpose of these exhibitions was to revitalize these areas through the presentation of art (attracting visitors and tourists). Correspondingly, this study explores the significance of exhibition-driven tourism in Japan. The Echigo–Tsumari Art Triennial (ETAT) was used as a case to study how exhibition-driven tourism has impacted sustainable tourism, economics, and the population. The current paper collected panel data from 1900 to 2018. These panel data were analyzed by descriptive statistics and a correlation analysis (a one-way ANOVA and a Pearson correlation analysis in SPSS26). The empirical analysis showed that the Echigo–Tsumari Art Triennial (exhibition-driven tourism) had positive impacts on sustainable tourism, economics, and the population; its correlations with Niigata were also clear. This study generated results that are valuable from both academic and industry perspectives (exhibition-driven tourism), as this field has not been extensively researched. The current paper also presents the theoretical and practical implications of the statistical results.

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Tourism demand in Asean-5 countries: Evidence from panel data analysis

Cited by 16 publications

References 31 publications

The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

The Relationship between Macroeconomic Factors and Tourism Demand for ASEAN Countries

The Positive Impacts of Exhibition-Driven Tourism on Sustainable Tourism, Economics, and Population: The Case of the Echigo–Tsumari Art Triennale in Japan

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