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The Relationship between Tourism and Economic Development in the Greater Mekong Sub Region Panel Cointegration and Granger Causality

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  • Sakkarin NONTHAPOT

    (Indo China Country International Trade and Economic Research Sector Faculty of Integrated Social Sciences Khon Kaen University Nong Khai Campus Thailand)

Abstract

This paper examines the causal relationship between tourism and economic development Tourism is considered in two ways number of international tourist arrivals and tourism receipts The data are collected from the five Greater Mekong Sub region GMS countries i e Myanmar Cambodia Lao PDR Thailand and Vietnam and the Yunnan and Guangxi provinces of China The sample period is semi annual data from 2000 to 2012 and is also estimated by a panel data approach This study finds a long run relationship is unidirectional running from the number of international tourist arrivals to economic development and from economic development to tourism receipts The short run causality is unidirectional running from the international tourist arrivals to economic development only This study suggests that the GMS countries should concentrate on tourism marketing promotion and expand economic development especially in tourism investment such as enhancing the tourism and hotel industry to meet international standard for tourism sustainability as an entire region

Suggested Citation

  • Sakkarin NONTHAPOT, 2014. "The Relationship between Tourism and Economic Development in the Greater Mekong Sub Region Panel Cointegration and Granger Causality," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 5(1), pages 44-51.
    • Handle: RePEc:srs:jarle0:v:5:y:2014:i:1:p:44-51
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    Cited by:

    1. Fan Zhang & Jianmu Ye & Chao Zhang & Zhuang Xiong, 2019. "Evolutionary mechanism for subregional cooperation: Evidence from provincial subregion in Central China," Progress in Development Studies, , vol. 19(4), pages 304-326, October.
    2. Pablo Juan Cárdenas-García & Juan Gabriel Brida & Verónica Segarra, 2024. "Modeling the link between tourism and economic development: evidence from homogeneous panels of countries," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    3. Pavel Hagyari & Radovan Bacik & Richard Fedorko, 2016. "Analysis Of The Key Factors Of Reputation Management In Conditions Of City Marketing," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 69-80, June.

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