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Tourism Development Policy, Strategic Alliances and Impact of Consumer Price Index on Tourist Arrivals: The Case of Malaysia

Author

Listed:
  • Nanthakumar, Loganathan
  • Ibrahim, Yahaya
  • Harun, Madzli

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.

Suggested Citation

  • Nanthakumar, Loganathan & Ibrahim, Yahaya & Harun, Madzli, 2007. "Tourism Development Policy, Strategic Alliances and Impact of Consumer Price Index on Tourist Arrivals: The Case of Malaysia," MPRA Paper 25376, University Library of Munich, Germany, revised 24 Nov 2007.
    • Handle: RePEc:pra:mprapa:25376
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    Citations

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    Cited by:

    1. Tang, Chor Foon & Tan, Eu Chye, 2015. "Does tourism effectively stimulate Malaysia's economic growth?," Tourism Management, Elsevier, vol. 46(C), pages 158-163.
    2. Sergej Gricar & Stefan Bojnec & Vesna Karadzic & Svetlana Rakocevic, 2016. "Comparative Analysis of Tourism-Led Growth in Slovenia and Montenegro," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(1 (Spring), pages 75-92.
    3. Lee, Chien-Chiang & Chen, Mei-Ping & Xing, Wenwu, 2022. "Do national cultures matter for tourism development? Some international evidence," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 666-686.
    4. Tan Khee Giap & Sasidaran Gopalan & Ye Ye, 2016. "Drivers of Growth in the Travel and Tourism Industry in Malaysia: A Geweke Causality Analysis," Economies, MDPI, vol. 4(1), pages 1-15, February.
    5. Jackman, Mahalia & Lorde, Troy, 2009. "Economic Growth and Tourism in Barbados: A Test of the Supply-side Hypothesis," MPRA Paper 95548, University Library of Munich, Germany.

    More about this item

    Keywords

    Tourism; economic growth; consumer price index;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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