Malaysia's tourism demand from selected countries: The ARDL approach to cointegration

Norlida Hanim Mohd Salleh, Redzuan Othman, Sridar Ramachandran

Research output: Contribution to journalArticle

35 Citations (Scopus)

Abstract

This paper investigates the long-run and short-run relationships between tourist arrivals to Malaysia and tourism price in Malaysia, tourism prices at alternative destinations, traveling costs, incomes and exchange rates, using the bounds testing approach developed within the autoregressive distributed lag (ARDL) framework. The empirical results show that in the long run, tourism price in Malaysia, traveling costs, tourism prices at alternative destinations and incomes are the important determinants of Malaysia's tourism demand from the selected countries namely Singapore, Japan, Hong Kong and Australia. The results also indicate that the 1997-98 East Asian economic crisis and the outbreak of Severe Acute Respiratory Syndrome - SARS significantly affected Malaysia's tourism demand.

Original languageEnglish
Pages (from-to)345-363
Number of pages19
JournalInternational Journal of Economics and Management
Volume1
Issue number3
Publication statusPublished - Dec 2007

Fingerprint

Cointegration
Tourism demand
Distributed lag
Malaysia
Tourism
Income
Severe acute respiratory syndrome
Costs
Destination
Japan
Short-run
Hong Kong
Singapore
Tourists
Asian economic crisis
Empirical results
Bounds testing
Exchange rates

Keywords

  • ARDL model
  • Cointegration
  • Tourism demand

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business and International Management
  • Strategy and Management

Cite this

Malaysia's tourism demand from selected countries : The ARDL approach to cointegration. / Mohd Salleh, Norlida Hanim; Othman, Redzuan; Ramachandran, Sridar.

In: International Journal of Economics and Management, Vol. 1, No. 3, 12.2007, p. 345-363.

Research output: Contribution to journalArticle

@article{9d05e662f48846e9b62f5c4593cf79a6,
title = "Malaysia's tourism demand from selected countries: The ARDL approach to cointegration",
abstract = "This paper investigates the long-run and short-run relationships between tourist arrivals to Malaysia and tourism price in Malaysia, tourism prices at alternative destinations, traveling costs, incomes and exchange rates, using the bounds testing approach developed within the autoregressive distributed lag (ARDL) framework. The empirical results show that in the long run, tourism price in Malaysia, traveling costs, tourism prices at alternative destinations and incomes are the important determinants of Malaysia's tourism demand from the selected countries namely Singapore, Japan, Hong Kong and Australia. The results also indicate that the 1997-98 East Asian economic crisis and the outbreak of Severe Acute Respiratory Syndrome - SARS significantly affected Malaysia's tourism demand.",
keywords = "ARDL model, Cointegration, Tourism demand",
author = "{Mohd Salleh}, {Norlida Hanim} and Redzuan Othman and Sridar Ramachandran",
year = "2007",
month = "12",
language = "English",
volume = "1",
pages = "345--363",
journal = "International Journal of Economics and Management",
issn = "1823-836X",
publisher = "Universiti Putra Malaysia",
number = "3",

}

TY - JOUR

T1 - Malaysia's tourism demand from selected countries

T2 - The ARDL approach to cointegration

AU - Mohd Salleh, Norlida Hanim

AU - Othman, Redzuan

AU - Ramachandran, Sridar

PY - 2007/12

Y1 - 2007/12

N2 - This paper investigates the long-run and short-run relationships between tourist arrivals to Malaysia and tourism price in Malaysia, tourism prices at alternative destinations, traveling costs, incomes and exchange rates, using the bounds testing approach developed within the autoregressive distributed lag (ARDL) framework. The empirical results show that in the long run, tourism price in Malaysia, traveling costs, tourism prices at alternative destinations and incomes are the important determinants of Malaysia's tourism demand from the selected countries namely Singapore, Japan, Hong Kong and Australia. The results also indicate that the 1997-98 East Asian economic crisis and the outbreak of Severe Acute Respiratory Syndrome - SARS significantly affected Malaysia's tourism demand.

AB - This paper investigates the long-run and short-run relationships between tourist arrivals to Malaysia and tourism price in Malaysia, tourism prices at alternative destinations, traveling costs, incomes and exchange rates, using the bounds testing approach developed within the autoregressive distributed lag (ARDL) framework. The empirical results show that in the long run, tourism price in Malaysia, traveling costs, tourism prices at alternative destinations and incomes are the important determinants of Malaysia's tourism demand from the selected countries namely Singapore, Japan, Hong Kong and Australia. The results also indicate that the 1997-98 East Asian economic crisis and the outbreak of Severe Acute Respiratory Syndrome - SARS significantly affected Malaysia's tourism demand.

KW - ARDL model

KW - Cointegration

KW - Tourism demand

UR - http://www.scopus.com/inward/record.url?scp=41649083582&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=41649083582&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:41649083582

VL - 1

SP - 345

EP - 363

JO - International Journal of Economics and Management

JF - International Journal of Economics and Management

SN - 1823-836X

IS - 3

ER -