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Research Note: Empirical Assessment of the Tourism-Led Growth Hypothesis — The Case of Vietnam

Author

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  • Nguyen Ho Minh Trang

    (College of Economics, Hue University, 100 Phung Hung street, Hue City, Vietnam, and University of Economics and Law, Vietnam National University, Ho Chi Minh City)

  • Nguyen Huu Chau Duc

    (Hue University of Medicine and Pharmacy, Hue City, Vietnam, and Department of International Health, Tokyo Medical and Dental University, Tokyo, Japan)

  • Nguyen Tien Dung

    (University of Economics and Law, Vietnam National University, Ho Chi Minh City, Vietnam)

Abstract

This study examines the tourism-led growth hypothesis (TLGH) in Vietnam during the period 1992–2011. The authors use two-step procedures to test the hypothesis. They first apply cointegration and the Granger causality test to identify the relationships between tourism earning and gross domestic product (GDP). Second, they use growth decomposition methodology to measure the contribution of tourism to economic growth. The results indicate that it is worthwhile for the government to implement economic policies to stimulate economic growth through the tourism sector in Vietnam.

Suggested Citation

  • Nguyen Ho Minh Trang & Nguyen Huu Chau Duc & Nguyen Tien Dung, 2014. "Research Note: Empirical Assessment of the Tourism-Led Growth Hypothesis — The Case of Vietnam," Tourism Economics, , vol. 20(4), pages 885-892, August.
    • Handle: RePEc:sae:toueco:v:20:y:2014:i:4:p:885-892
    DOI: 10.5367/te.2013.0307
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    References listed on IDEAS

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    1. Stanislav Ivanov & Craig Webster, 2010. "Decomposition of economic growth in Bulgaria by industry," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 37(2), pages 219-227, May.
    2. Brida, Juan Gabriel & Pereyra, Juan S. & Risso, Wiston Adrián & Devesa, María Jesús Such & Aguirre, Sandra Zapata, 2008. "The Tourism-led Growth Hypothesis: Empirical Evidence from Colombia," MPRA Paper 25286, University Library of Munich, Germany, revised 19 Mar 2009.
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