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

共 50 条

[31] Finance-Growth-Energy Nexus and the Role of Agriculture and Modern Sectors: Evidence from ARDL Bounds Test Approach to Cointegration in Pakistan
Shahbaz, Muhammad
Islam, Faridul
Butt, Muhammad Sabihuddin
GLOBAL BUSINESS REVIEW, 2016, 17 (05) : 1037 - 1059
[32] What drives housing price dynamics in Greece: New evidence from asymmetric ARDL cointegration
Katrakilidis, Constantinos
Trachanas, Emmanouil
ECONOMIC MODELLING, 2012, 29 (04) : 1064 - 1069
[33] Electricity Consumption-Economic Growth Nexus: Evidence from ARDL Bound Testing Approach in the Tunisian Context
Mighri, Zouheir
Ragoubi, Hanen
GLOBAL BUSINESS REVIEW, 2023, 24 (04) : 800 - 811
[34] Nexus between financial innovation and economic growth in South Asia: evidence from ARDL and nonlinear ARDL approaches
Qamruzzaman, Md.
Wei Jianguo
FINANCIAL INNOVATION, 2018, 4 (01)
[35] Nexus between financial innovation and economic growth in South Asia: evidence from ARDL and nonlinear ARDL approaches
Md. Qamruzzaman
Wei Jianguo
Financial Innovation, 4
[36] The asymmetric nexus of renewable energy consumption and economic growth: New evidence from Rwanda
Namahoro, Jean Pierre
Wu, Qiaosheng
Xiao, Haijun
Zhou, Na
RENEWABLE ENERGY, 2021, 174 : 336 - 346
[37] Renewable energy consumption-economic growth nexus in G7 countries: New evidence from a nonlinear ARDL approach
Shahbaz, Muhammad
Khraief, Naceur
Czudaj, Robert L.
ECONOMICS BULLETIN, 2020, 40 (04): : 2828 - 2843
[38] Economic growth, renewable and nonrenewable energy consumption nexus in India Evidences from nonlinear ARDL approach and asymmetric causality analysis
Shastri, Shruti
Mohapatra, Geetilaxmi
Giri, A. K.
INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT, 2020, 14 (04) : 777 - 792
[39] The impacts of political stability, renewable energy consumption, and economic growth on tourism in Turkey: New evidence from Fourier Bootstrap ARDL approach
Aydin, Mucahit
RENEWABLE ENERGY, 2022, 190 : 467 - 473
[40] An ARDL approach to the CO2 emissions, renewable energy and economic growth nexus: Tunisian evidence
Cherni, Abdelbaki
Jouini, Sana Essaber
INTERNATIONAL JOURNAL OF HYDROGEN ENERGY, 2017, 42 (08) : 29056 - 29066

← 1 2 3 4 5 →