Tourism-Led Growth Hypothesis in Malaysia: Evidence Based Upon Regime Shift Cointegration and Time-Varying Granger Causality Techniques

• Main Authors: Tang, Chor Foon, Tan, Eu Chye
• Format: Article
• Published: Taylor & Francis 2015
• Subjects: H Social Sciences (General); HC Economic History and Conditions
• Online Access: http://eprints.um.edu.my/16129/; https://doi.org/10.1080/10941665.2014.998247
• Institution: Universiti Malaya

This article examines the tourism-led growth (TLG) hypothesis in Malaysia based upon quarterly data from 1991:Q1 to 2014:Q1. The Johansen-Juselius cointegration and the regime shift cointegration tests consistently show evidence of cointegration. In addition, we find evidence of unidirectional causa...