Causality between tourism and economic growth nexus
Bibliographic Data
| ID | 12974262 |
|---|---|
| Authors | Tsung‐Pao Wu (Beijing Institute of Technology, corresponding author), Hung‐Che Wu (0000-0001-5282-8473, Sun Yat-sen University), Yu-Yu Wu (0000-0001-5302-547X, University of Macau), Ya-Tian Liu (0000-0002-7000-4803, Peking University), Su-Tsung Wu (Sun Yat-sen University) |
| Year | 2020 |
| Volume | 18 |
| Issue | 1 |
| Pages | 88-105 |
| Publication date | 2020-08-13 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of China Tourism Research (JOURNAL) |
| Journal identifiers | ISSN: 1938-8160 • E-ISSN: 1938-8179 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/19388160.2020.1801545 |
| OpenAlex | W3049003830 |
| Language | EN |
| Citations received | 7 |
| References cited | 63 |
The purpose of this paper is to use a multivariate wavelet approach to examine the causal relationship between tourism and economic growth in the 11 Asian regions for the period from 1995 to 2016. Results indicate from the time-domain view, we show strong evidence linkages among the real international tourism receipts, international tourist arrivals, capital formation and real gross domestic product variables. From the frequency-domain view, we uncover significant wavelet coherency and strong relationships which change over time, indicating low to high frequency cycles. Accordingly, it can be recommended that the government needs to increase and promote tourism demand and to further provide and nurture the expansion of tourism supply
Capital flight · Causality (physics · Economic geography · Economic system · Economics · Geography · Government (linguistics · Macroeconomics · Market economy · Nexus (standard · Tourism · Computer Science · Cruise Tourism Development and Management · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth
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| Unique citing works | 7 |
|---|---|
| Citations per year | 1,4 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |