The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries

Tourism industry has become one of the important sectors in the ASEAN region. However, the growth in the number of tourist arrivals has reduced in recent years. Due to the economic importance of the tourism industry, this study investigates the long-run relationship and short-run dynamic between tou...

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Main Author:	Borhan, Nurbaizura
Format:	Thesis
Language:	English
Published:	2018
Subjects:	G154.9-155.8 Travel and state Tourism
Online Access:	http://eprints.usm.my/48319/1/NURBAIZURA%20BINTI%20BORHAN_hj.pdf
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id	my-usm-ep.48319
record_format	uketd_dc
spelling	my-usm-ep.483192021-02-16T07:25:26Z The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries 2018-09 Borhan, Nurbaizura G154.9-155.8 Travel and state. Tourism Tourism industry has become one of the important sectors in the ASEAN region. However, the growth in the number of tourist arrivals has reduced in recent years. Due to the economic importance of the tourism industry, this study investigates the long-run relationship and short-run dynamic between tourism demand with that of selected economic variables and social indices. Utilizing data from 23 countries, the variables employed in this study consist of four economic variables as well as five social indices and five one-off events. To achieve the objectives, the study has employed a few econometric techniques that include Engle-Granger (EG) 2-step procedure, autoregressive distributed lag (ARDL) modelling approach, static and heterogeneous panel data techniques and also Kalman filter (KF) estimation technique. The result of cointegration analysis revealed that there exist long-run relationship among the selected variables. The results from panel data techniques yield higher percentage of correct sign for the model coefficients with exchange rate and income level generally have positive impact on tourism demand. The relative price and substitute relative price are found to have a mixture of positive and negative impact. This study also revealed that the SARS outbreak, FLU pandemic and euro debt crisis have negative impact on the tourism demand for Malaysia while the H1N1 pandemic and global financial crisis do not have a negative impact on the number of tourist arrivals. 2018-09 Thesis http://eprints.usm.my/48319/ http://eprints.usm.my/48319/1/NURBAIZURA%20BINTI%20BORHAN_hj.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Sains Matematik
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	G154.9-155.8 Travel and state Tourism
spellingShingle	G154.9-155.8 Travel and state Tourism Borhan, Nurbaizura The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
description	Tourism industry has become one of the important sectors in the ASEAN region. However, the growth in the number of tourist arrivals has reduced in recent years. Due to the economic importance of the tourism industry, this study investigates the long-run relationship and short-run dynamic between tourism demand with that of selected economic variables and social indices. Utilizing data from 23 countries, the variables employed in this study consist of four economic variables as well as five social indices and five one-off events. To achieve the objectives, the study has employed a few econometric techniques that include Engle-Granger (EG) 2-step procedure, autoregressive distributed lag (ARDL) modelling approach, static and heterogeneous panel data techniques and also Kalman filter (KF) estimation technique. The result of cointegration analysis revealed that there exist long-run relationship among the selected variables. The results from panel data techniques yield higher percentage of correct sign for the model coefficients with exchange rate and income level generally have positive impact on tourism demand. The relative price and substitute relative price are found to have a mixture of positive and negative impact. This study also revealed that the SARS outbreak, FLU pandemic and euro debt crisis have negative impact on the tourism demand for Malaysia while the H1N1 pandemic and global financial crisis do not have a negative impact on the number of tourist arrivals.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Borhan, Nurbaizura
author_facet	Borhan, Nurbaizura
author_sort	Borhan, Nurbaizura
title	The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
title_short	The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
title_full	The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
title_fullStr	The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
title_full_unstemmed	The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries
title_sort	effect of economic and social factors on tourism demand for malaysia and selected neighbouring countries
granting_institution	Universiti Sains Malaysia
granting_department	Pusat Pengajian Sains Matematik
publishDate	2018
url	http://eprints.usm.my/48319/1/NURBAIZURA%20BINTI%20BORHAN_hj.pdf
_version_	1747821917249732608

The Effect Of Economic And Social Factors On Tourism Demand For Malaysia And Selected Neighbouring Countries

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