The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif

This paper is made to find out the economic impact of tourism industry in selected ASEAN countries. Specifically, it is made to find out the extent of impact of certain variables on Malaysia, Thailand and Singapore‟s GDP. The data is obtained from Euromonitor and the scope of this study comprises of...

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Main Author: Mohd Sharif, Siti Masayu
Format: Student Project
Language:English
Published: 2015
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/31164/
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author Mohd Sharif, Siti Masayu
author_facet Mohd Sharif, Siti Masayu
author_sort Mohd Sharif, Siti Masayu
building UiTM Institutional Repository
collection Online Access
description This paper is made to find out the economic impact of tourism industry in selected ASEAN countries. Specifically, it is made to find out the extent of impact of certain variables on Malaysia, Thailand and Singapore‟s GDP. The data is obtained from Euromonitor and the scope of this study comprises of 3 countries randomly selected over 20 years of period dating from 1993 until 2013, thus the implementation of panel data analysis. The dependent variable is GDP and the independent variables are tourist arrival (TARR), tourism receipts (TREC), export (XPT) and FDI. Normality test, unit root test, regression analysis, correlation analysis, multicollinearity, serial correlation and heteroscedasticity were conducted to get the best regression model. From the best regression model, tourism receipts and export have positive and significant impact on the GDP of Malaysia, Singapore and Thailand. This research may help industry players and policy maker in their respective responsibility.
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publishDate 2015
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spelling uitm-311642020-08-24T07:15:45Z https://ir.uitm.edu.my/id/eprint/31164/ The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif Mohd Sharif, Siti Masayu Travel and the state. Tourism ASEAN Economic development. Development economics. Economic growth This paper is made to find out the economic impact of tourism industry in selected ASEAN countries. Specifically, it is made to find out the extent of impact of certain variables on Malaysia, Thailand and Singapore‟s GDP. The data is obtained from Euromonitor and the scope of this study comprises of 3 countries randomly selected over 20 years of period dating from 1993 until 2013, thus the implementation of panel data analysis. The dependent variable is GDP and the independent variables are tourist arrival (TARR), tourism receipts (TREC), export (XPT) and FDI. Normality test, unit root test, regression analysis, correlation analysis, multicollinearity, serial correlation and heteroscedasticity were conducted to get the best regression model. From the best regression model, tourism receipts and export have positive and significant impact on the GDP of Malaysia, Singapore and Thailand. This research may help industry players and policy maker in their respective responsibility. 2015 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/31164/1/31164.pdf Mohd Sharif, Siti Masayu (2015) The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif. (2015) [Student Project] <http://terminalib.uitm.edu.my/31164.pdf> (Unpublished)
spellingShingle Travel and the state. Tourism
ASEAN
Economic development. Development economics. Economic growth
Mohd Sharif, Siti Masayu
The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title_full The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title_fullStr The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title_full_unstemmed The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title_short The economic impact of tourism industry on economic growth in selected ASEAN countries / Siti Masayu Mohd Sharif
title_sort economic impact of tourism industry on economic growth in selected asean countries / siti masayu mohd sharif
topic Travel and the state. Tourism
ASEAN
Economic development. Development economics. Economic growth
url https://ir.uitm.edu.my/id/eprint/31164/