Tourism and economic growth in Asia: a symmetric and asymmetric causality

被引：1

作者：

Wu, Tsung-Pao ^{[1
]}

Wu, Hung-Che ^{[2
,6
]}

Liu, Ya-Tian ^{[3
]}

Chu, Shaodian ^{[4
]}

He, Zhiyun ^{[5
]}

机构：

[1] Beijing Inst Technol, Inst Greater Bay Area Dev, Sch Accounting & Finance, Zhuhai, Peoples R China

[2] Univ Wisconsin Stout, Dept Hospitality & Technol Innovat, Menomonie, WI USA

[3] Beijing Inst Technol, Sch Foreign Languages, Zhuhai, Peoples R China

[4] Ocean Univ China, Sch Management, Qingdao, Peoples R China

[5] Beijing Inst Technol, Sch Accounting & Finance, Zhuhai, Peoples R China

[6] Univ Wisconsin Stout, Dept Hospitality & Technol Innovat, 712 South Broadway St, Menomonie, WI 54751 USA

来源：

JOURNAL OF POLICY RESEARCH IN TOURISM LEISURE AND EVENTS | 2023年

关键词：

Tourism; economic development; symmetric and asymmetric Granger causality test; panel data; Asia; COUNTRIES; UNCERTAINTY; MARKET;

D O I：

10.1080/19407963.2023.2266713

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study aims to investigate the causal relationship between economic growth and real international tourism revenues (RITRs) in 11 Asian areas from 1995 to 2019. The method employed in this study involves utilizing a special bootstrap multivariate Granger causality test. The results of this analysis complement the findings of the asymmetric panel causality test, as they reveal a causal relationship between positive shocks to RITRs and positive shocks to real gross domestic product (RGDP) in Singapore and Thailand, respectively. Additionally, negative shocks in Cambodia, Hong Kong and Macau demonstrate a causal link between RITRs and RGDP, suggesting that fluctuations in tourism revenues can impact the economic growth of these regions.

引用

页数：17

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