IDEAS home Printed from https://ideas.repec.org/a/aej/apecjn/v21y2014i2p30-51.html
   My bibliography  Save this article

Examining the Tourism-led Growth Hypothesis: A Case Study of Thailand

Author

Listed:
  • Akarapong Untong

    (School of Tourism Development, Maejo University Chiang Mai, Thailand)

Abstract

The examining the tourism-led growth hypothesis (TLG) in the case of Thailand, using Johansen approach, ARDL bounds test, and Granger causality test under two different time periods. The first period, 1960-1979, is the era of product development while the second period, 1980-2012, is the result of the development in the first period. The results of the study show that continuous tourism development policies of Thailand over half a century, 1960-2012, recently achieved to led economic growth in the past three decade (1980-2012) (accept the hypothesis of TLG). The first two decade of the development (1960-1979) is the period that economic growth led tourism expansion (reject the hypothesis of TLG). That is because this period has the investment to prepare for the expansion of tourism in the future. This study suggests that the government of Thailand should focus on the tourism development and management policy to raise the standard of Thailand tourism more than investment in physical development. As well as support the development of sectors that may have spillover effect on the tourism sector such as transportation, restaurant, real estate, shopping, etc.

Suggested Citation

  • Akarapong Untong, 2014. "Examining the Tourism-led Growth Hypothesis: A Case Study of Thailand," Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 21(2), pages 30-51, December.
    • Handle: RePEc:aej:apecjn:v:21:y:2014:i:2:p:30-51
    as

    Download full text from publisher

    File URL: http://www.journal.eco.ku.ac.th/upload/document/thai/20150207091607.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Thailand tourism development; economic growth; tourism-led growth hypothesis;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aej:apecjn:v:21:y:2014:i:2:p:30-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chatrat Hemmawat (email available below). General contact details of provider: https://edirc.repec.org/data/feckuth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.