The role of tourism and exchange rate on economic growth: Evidence from the BIMP-EAGA countries

Hanafiah Harvey, Fumitaka Furuoka, Qaiser Munir

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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 languageEnglish (US)
Pages (from-to)2756-2762
Number of pages7
JournalEconomics Bulletin
Volume33
Issue number4
StatePublished - Nov 12 2013

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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