Macroeconomic Determinants of Tourism Demand in Malaysia : A Markov Switching Regression Approach
A wave of studies has always surrounded the nexus of tourism development and economic growth in a nation. An assessment is provided in this study to examine the Malaysian tourism market dynamics. A series of macroeconomic variables has been utilised to model tourism demand and examine causal linkag...
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Online Access: | http://ir.unimas.my/id/eprint/45237/1/Macroecono.pdf http://ir.unimas.my/id/eprint/45237/ https://www.macrothink.org/journal/index.php/bms/article/view/20339 https://doi.org/10.5296/bms.v13i2.20339 |
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my.unimas.ir.452372024-07-12T02:44:12Z http://ir.unimas.my/id/eprint/45237/ Macroeconomic Determinants of Tourism Demand in Malaysia : A Markov Switching Regression Approach Soh, Ann Ni Puah, Chin Hong Jong, Meng Chang HG Finance A wave of studies has always surrounded the nexus of tourism development and economic growth in a nation. An assessment is provided in this study to examine the Malaysian tourism market dynamics. A series of macroeconomic variables has been utilised to model tourism demand and examine causal linkages among tourism and economic growth. Spanning from 2000 till 2018 on a monthly basis, the Markov regime switching regression provides an overview of tourism market performance and potential influences during recession and expansion periods of the Malaysian tourism cycle. Notably, the results present a reference chronology of the crises happening over the past two decades, the Granger causality of the variables, and different behavioural changes of the variables as well for both recession and expansion periods. Significant relationships have been revealed in this study that suggest that overall international tourism can drive economic growth and vice versa. Macrothink Institute 2022 Article PeerReviewed text en http://ir.unimas.my/id/eprint/45237/1/Macroecono.pdf Soh, Ann Ni and Puah, Chin Hong and Jong, Meng Chang (2022) Macroeconomic Determinants of Tourism Demand in Malaysia : A Markov Switching Regression Approach. Business Management and Strategy, 13 (2). pp. 95-107. ISSN 2157-6068 https://www.macrothink.org/journal/index.php/bms/article/view/20339 https://doi.org/10.5296/bms.v13i2.20339 |
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HG Finance Soh, Ann Ni Puah, Chin Hong Jong, Meng Chang Macroeconomic Determinants of Tourism Demand in Malaysia : A Markov Switching Regression Approach |
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A wave of studies has always surrounded the nexus of tourism development and economic growth in a nation. An assessment is provided in this study to examine the Malaysian tourism
market dynamics. A series of macroeconomic variables has been utilised to model tourism demand and examine causal linkages among tourism and economic growth. Spanning from
2000 till 2018 on a monthly basis, the Markov regime switching regression provides an overview of tourism market performance and potential influences during recession and
expansion periods of the Malaysian tourism cycle. Notably, the results present a reference chronology of the crises happening over the past two decades, the Granger causality of the
variables, and different behavioural changes of the variables as well for both recession and
expansion periods. Significant relationships have been revealed in this study that suggest that
overall international tourism can drive economic growth and vice versa. |
format |
Article |
author |
Soh, Ann Ni Puah, Chin Hong Jong, Meng Chang |
author_facet |
Soh, Ann Ni Puah, Chin Hong Jong, Meng Chang |
author_sort |
Soh, Ann Ni |
title |
Macroeconomic Determinants of Tourism Demand
in Malaysia : A Markov Switching Regression Approach |
title_short |
Macroeconomic Determinants of Tourism Demand
in Malaysia : A Markov Switching Regression Approach |
title_full |
Macroeconomic Determinants of Tourism Demand
in Malaysia : A Markov Switching Regression Approach |
title_fullStr |
Macroeconomic Determinants of Tourism Demand
in Malaysia : A Markov Switching Regression Approach |
title_full_unstemmed |
Macroeconomic Determinants of Tourism Demand
in Malaysia : A Markov Switching Regression Approach |
title_sort |
macroeconomic determinants of tourism demand
in malaysia : a markov switching regression approach |
publisher |
Macrothink Institute |
publishDate |
2022 |
url |
http://ir.unimas.my/id/eprint/45237/1/Macroecono.pdf http://ir.unimas.my/id/eprint/45237/ https://www.macrothink.org/journal/index.php/bms/article/view/20339 https://doi.org/10.5296/bms.v13i2.20339 |
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1806430300472868864 |
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13.188404 |