Tourism and Hotels in Sarawak: Economic Performance

This study investigates the relationship between output growth in the hotels industry in Sarawak (in term of Revenue),tourist arrivals, exchange rate and economic growth in Sarawak, using the time series data from 1975 to 2004. An Augmented-Dickey Fuller (ADF) unit root test, Johansen and Juselius...

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Main Authors: Dayang Hummida, Abang Abdul Rahman, Dayang Affizzah, Awang Marikan, Salbiah, Edman
格式: Article
語言:English
出版: Elsevier Ltd. 2012
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在線閱讀:http://ir.unimas.my/id/eprint/17906/1/Tourism.pdf
http://ir.unimas.my/id/eprint/17906/
http://www.sciencedirect.com/science/article/pii/S1877042812052214
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總結:This study investigates the relationship between output growth in the hotels industry in Sarawak (in term of Revenue),tourist arrivals, exchange rate and economic growth in Sarawak, using the time series data from 1975 to 2004. An Augmented-Dickey Fuller (ADF) unit root test, Johansen and Juselius cointegration approach and causality test based on Vector Error Correction Model (VECM) were deployed to run the analysis. The findings show the existent of the long-run and short-run relationship between the variables. Besides that, the results reveal that tourist arrivals have apositive impact on growth. However exchange rate has a negative impact on economic growth.