Abstract
Developing economies as well as developed economies recognized appropriate tourism policies will be an important factor in promoting economic growth, BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) was conceived with the objective to speed up economic development among the four countries and one of which is focused on tourism. Focusing on annual data, this paper utilized the bounds testing approach to cointegration and error-correction modeling to evaluate if tourism and exchange rates promote economic growth in BIMP-EAGA, The results revealed that Philippines is the only country that has a positive short and long impact from tourism's industry and exchange rates.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 2756-2762 |
| Number of pages | 7 |
| Journal | Economics Bulletin |
| Volume | 33 |
| Issue number | 4 |
| State | Published - 2013 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
All Science Journal Classification (ASJC) codes
- General Economics, Econometrics and Finance
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