Nexus of tourism, terrorism, and economic growth in Thailand: new evidence from asymmetric ARDL cointegration approach

被引：59

作者：

Fareed, Zeeshan ^{[1
]}

Meo, Muhammad Saeed ^{[2
]}

Zulfiqar, Bushra ^{[3
]}

Shahzad, Farrukh ^{[4
]}

Wang, Nianyong ^{[5
]}

机构：

[1] Zhongnan Univ Econ & Law, Sch Finance, Wuhan, Hubei, Peoples R China

[2] Super Coll, Dept Management Sci, Lahore, Pakistan

[3] Southwestern Univ Finance & Econ, Sch Econ, Chengdu, Sichuan, Peoples R China

[4] Chongqing Univ, Sch Econ & Business Adm, Chongqing, Peoples R China

[5] Zhongnan Univ Econ & Law, Fac Sch Finance, Wuhan, Hubei, Peoples R China

来源：

ASIA PACIFIC JOURNAL OF TOURISM RESEARCH | 2018年 / 23卷 / 12期

关键词：

Terrorism; tourism; asymmetric cointegration; asymmetric ARDL; Thailand economic growth; BOUNDS TESTING APPROACH; UNIT-ROOT HYPOTHESIS; PANEL-DATA APPROACH; OIL-PRICE SHOCK; INTERNATIONAL TOURISM; EMPIRICAL-EVIDENCE; GRANGER CAUSALITY; EXCHANGE-RATE; GREAT CRASH; LONG-RUN;

D O I：

10.1080/10941665.2018.1528289

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates the asymmetric (nonlinear) relationship between tourism, terrorism, and economic growth of Thailand. The study employed an annual data set that ranges from 1990 to 2017 by using a novel co-integrating technique known as asymmetric ARDL cointegration approach advanced by Shin, Yu, and Greenwood-Nimmo. The outcome of the present study revealed significant differences in the reaction of the economic growth because of negative and positive changes in tourism and terrorism. The obtained asymmetric results can be helpful for more proficient policymaking and forecasting regarding the economy of Thailand. Ignoring intrinsic asymmetries may misrepresent implication.

引用

页码：1129 / 1141

页数：13

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