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.

摘要

本文的目的是使用多元小波方法来检验 1995 年至 2016 年期间亚洲 11 个地区的旅游业与经济增长之间的因果关系。结果表明，从时域来看，我们显示了强有力的证据联系实际国际旅游收入、国际游客人数、资本形成和实际国内生产总值变量。从频域的角度来看，我们发现了显着的小波相干性和随时间变化的强关系，表明从低频到高频循环。因此，可以建议政府增加和促进旅游需求，进一步提供和培育扩大旅游供给。