IDEAS home Printed from https://ideas.repec.org/a/ids/ijtrgm/v11y2018i1-2p12-20.html
   My bibliography  Save this article

Identification of the connection between tourism demand and economic growth in ASEAN-3

Author

Listed:
  • Satawat Wannapan
  • Chukiat Chaiboonsri
  • Songsak Sriboonchitta

Abstract

This paper is based on the Bayesian inference to explore two purposes. First, the specific objective is proposed to consider an empirical analysis employing the panel Bayesian vector autoregressive (PBVAR) model. Secondly, the empirical study is aimed to analyse the driven factor between tourism demands and service sectors by adapting Granger-causality Bayesian test. Technically, the simulated computation called Markov chain Monte Carlo (MCMC) approach is employed to investigate the research's findings. Yearly time-series data of tourism growth (tourist arrivals) and economic growth (service sectors) in ASEAN-3 countries such as Singapore, Thailand, and Malaysia were observed during 1996-2015. The empirical results of this study will deeply clarify the linkage between tourism demands and economy in ASEAN-3 countries and give recommendations to more assure that a suitable tourism policy is appropriately activated.

Suggested Citation

  • Satawat Wannapan & Chukiat Chaiboonsri & Songsak Sriboonchitta, 2018. "Identification of the connection between tourism demand and economic growth in ASEAN-3," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 11(1/2), pages 12-20.
    • Handle: RePEc:ids:ijtrgm:v:11:y:2018:i:1/2:p:12-20
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=92487
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jie Yin & Yahua Bi & Yingchao Ji, 2020. "Structure and Formation Mechanism of China-ASEAN Tourism Cooperation," Sustainability, MDPI, vol. 12(13), pages 1-19, July.
    2. Muhammad Fakruhayat Ab Rashid & Sharifah Rohayah Sheikh Dawood, 2024. "Statistical Evaluation of Webometric Analysis of Tourism Websites in ASEAN Countries," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(2), pages 2389-2406, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijtrgm:v:11:y:2018:i:1/2:p:12-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=130 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.