Tourism development policy, strategic alliances and impact of consumer price index on tourist arrivals

The case of Malaysia

Loganathan Nanthakumar, Yahaya Ibrahim, Madzli Harun

Research output: Contribution to journalArticle

22 Citations (Scopus)

Abstract

Many studies have shown the importance of tourism industry in enhancing trade performance and economic development. This study examines the hypothesis of 'economic-driven' tourism growth in Malaysia by using econometric modelling. To generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using vector autoregressive (VAR) estimation. The long-run relationship between specific variables is considered using the Johansen and Juselius cointegration analysis. Finally, Granger-causality results implies causal relationship of economic-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic-driven tourism in Malaysia in the future.

Original languageEnglish
Pages (from-to)83-98
Number of pages16
JournalTourismos
Volume3
Issue number1
Publication statusPublished - Mar 2008

Fingerprint

tourism development
tourism
economics
trade performance
cointegration analysis
empirical analysis
econometrics
economic development
index
policy
price
Tourism development
Tourism
Tourists
Development policy
Consumer price index
Economics
Strategic alliances
Malaysia
industry

Keywords

  • Consumer price index
  • Economic growth
  • Tourism

ASJC Scopus subject areas

  • Business and International Management
  • Tourism, Leisure and Hospitality Management

Cite this

Tourism development policy, strategic alliances and impact of consumer price index on tourist arrivals : The case of Malaysia. / Nanthakumar, Loganathan; Ibrahim, Yahaya; Harun, Madzli.

In: Tourismos, Vol. 3, No. 1, 03.2008, p. 83-98.

Research output: Contribution to journalArticle

@article{8f0a30f329a842869a0cf6523cf14b7c,
title = "Tourism development policy, strategic alliances and impact of consumer price index on tourist arrivals: The case of Malaysia",
abstract = "Many studies have shown the importance of tourism industry in enhancing trade performance and economic development. This study examines the hypothesis of 'economic-driven' tourism growth in Malaysia by using econometric modelling. To generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using vector autoregressive (VAR) estimation. The long-run relationship between specific variables is considered using the Johansen and Juselius cointegration analysis. Finally, Granger-causality results implies causal relationship of economic-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic-driven tourism in Malaysia in the future.",
keywords = "Consumer price index, Economic growth, Tourism",
author = "Loganathan Nanthakumar and Yahaya Ibrahim and Madzli Harun",
year = "2008",
month = "3",
language = "English",
volume = "3",
pages = "83--98",
journal = "Tourismos",
issn = "1790-8418",
publisher = "University of the Aegean",
number = "1",

}

TY - JOUR

T1 - Tourism development policy, strategic alliances and impact of consumer price index on tourist arrivals

T2 - The case of Malaysia

AU - Nanthakumar, Loganathan

AU - Ibrahim, Yahaya

AU - Harun, Madzli

PY - 2008/3

Y1 - 2008/3

N2 - Many studies have shown the importance of tourism industry in enhancing trade performance and economic development. This study examines the hypothesis of 'economic-driven' tourism growth in Malaysia by using econometric modelling. To generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using vector autoregressive (VAR) estimation. The long-run relationship between specific variables is considered using the Johansen and Juselius cointegration analysis. Finally, Granger-causality results implies causal relationship of economic-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic-driven tourism in Malaysia in the future.

AB - Many studies have shown the importance of tourism industry in enhancing trade performance and economic development. This study examines the hypothesis of 'economic-driven' tourism growth in Malaysia by using econometric modelling. To generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using vector autoregressive (VAR) estimation. The long-run relationship between specific variables is considered using the Johansen and Juselius cointegration analysis. Finally, Granger-causality results implies causal relationship of economic-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic-driven tourism in Malaysia in the future.

KW - Consumer price index

KW - Economic growth

KW - Tourism

UR - http://www.scopus.com/inward/record.url?scp=78651484189&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=78651484189&partnerID=8YFLogxK

M3 - Article

VL - 3

SP - 83

EP - 98

JO - Tourismos

JF - Tourismos

SN - 1790-8418

IS - 1

ER -