Impact of COVID-19 on ASEAN tourism industry
This article aims to examine the extent of the COVID-19 on the tourism industry in ASEAN countries. This study utilized a Panel Vector Autoregression approach to examine the possible bidirectional causality that exists between COVID-19 and tourist arrivals. Data from seven ASEAN nations were used wh...
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| Main Authors: | , |
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| Format: | Article |
| Published: |
Routledge Journals, Taylor & Francis Ltd
2022
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/42469/ |
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| Institution: | Universiti Malaya |
| Summary: | This article aims to examine the extent of the COVID-19 on the tourism industry in ASEAN countries. This study utilized a Panel Vector Autoregression approach to examine the possible bidirectional causality that exists between COVID-19 and tourist arrivals. Data from seven ASEAN nations were used wherein accumulated numbers of cases are hypothesized due to variations in the levels of inbound tourism and other socio-economic differences. The findings indicated two-way causality between COVID-19 and tourist arrivals at the 95% significance level. The results revealed that international tourism can seriously be affected by the COVID-19 outbreak. |
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