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Causality between tourism and economic growth nexus 旅游业与经济增长之間的因果关系
Wu, Tsung Pao1; Wu, Hung Che2; Wu, Yu Yu3; Liu, Ya Tian4; Wu, Su Tsung5
2022-01
Source PublicationJournal of China Tourism Research
ABS Journal Level1
ISSN1938-8160
Volume18Issue:1Pages:88-105
Abstract

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.

KeywordAsia Economic Growth International Tourism Receipts Multivariate Wavelet Tourism Activities
DOI10.1080/19388160.2020.1801545
URLView the original
Indexed ByESCI
Language中文Chinese
WOS Research AreaSocial Sciences - Other Topics
WOS SubjectHospitality, Leisure, Sport & Tourism
WOS IDWOS:000561465900001
Scopus ID2-s2.0-85089443655
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Citation statistics
Document TypeJournal article
CollectionFaculty of Business Administration
Corresponding AuthorWu, Tsung Pao
Affiliation1.School of Accounting and Finance, Beijing Institute of Technology, Zhuhai, Guangdong Province, China
2.Business School, Nanfang College of Sun Yat-Sen University, Guangzhou, Guangdong Province, China
3.Faculty of Business Administration, University of Macau, Macao
4.Guanghua School of Management, Peking University, Beijing, China
5.School of Tourism Management, Sun Yat-Sen University, Guangzhou, Guangdong Province, China
Recommended Citation
GB/T 7714
Wu, Tsung Pao,Wu, Hung Che,Wu, Yu Yu,等. Causality between tourism and economic growth nexus 旅游业与经济增长之間的因果关系[J]. Journal of China Tourism Research, 2022, 18(1), 88-105.
APA Wu, Tsung Pao., Wu, Hung Che., Wu, Yu Yu., Liu, Ya Tian., & Wu, Su Tsung (2022). Causality between tourism and economic growth nexus 旅游业与经济增长之間的因果关系. Journal of China Tourism Research, 18(1), 88-105.
MLA Wu, Tsung Pao,et al."Causality between tourism and economic growth nexus 旅游业与经济增长之間的因果关系".Journal of China Tourism Research 18.1(2022):88-105.
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