Analisis hubungan pembangunan industri pelancongan dan pertumbuhan ekonomi: Perbandingan pasaran antarabangsa

Translated title of the contribution: An analysis on the relationship of tourism industry development and economic growth: A comparison of international markets

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

The early development of tourism industry was mostly originated from the European and the Northern American countries. Due to their long history in tourism industry, these countries are now known as the most established tourist destinations globally. The significant contributions of tourism industry to the economy have stimulated new countries, especially developing economies to participate in developing their tourism industry. In the last two decades, tourism had emerged as one of the key industries and major contributor to the economies of developing countries, especially in terms of export earnings. This study attempts to identify factors affecting the development of tourism industry and economic growth. It also tries to determine the existence and direction of long run relationship between tourism development and economic growth. The study involved eight countries, four from developed countries (the United Kingdom, United States, Italy and Spain) and another four from the emerging markets (China, Hong Kong, Malaysia and Singapore). The research questions are tested using cointegration method and the Granger causality test. The study found that one-way relationship existed between tourism development and economic growth. For the United Kingdom, Italy, Hong Kong and Singapore, the growth of the tourism industry contributes towards economic growth, while for the United States, Spain, Malaysia and China, the growth of the economy is the leading factor to tourism development.

Original languageUndefined/Unknown
Pages (from-to)93-100
Number of pages8
JournalJurnal Ekonomi Malaysia
Volume44
Issue number1
Publication statusPublished - 2010

Fingerprint

International markets
Tourism industry
Economic growth and development
Economic growth
Tourism development
Factors
Hong Kong
Singapore
Spain
Malaysia
China
Italy
Developing economies
Tourist destination
Cointegration
Tourism
Emerging markets
Developed countries
Granger causality test
Developing countries

Keywords

  • Cointegration
  • Economic growth
  • Granger causality test
  • International markets
  • Tourism industry

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Analisis hubungan pembangunan industri pelancongan dan pertumbuhan ekonomi : Perbandingan pasaran antarabangsa. / Othman, Redzuan; Mohd Salleh, Norlida Hanim.

In: Jurnal Ekonomi Malaysia, Vol. 44, No. 1, 2010, p. 93-100.

Research output: Contribution to journalArticle

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