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dc.contributor.authorLim, Christine
dc.contributor.authorMcAleer, Michael
dc.date.accessioned2017-05-03T12:02:51Z
dc.date.available2017-05-03T12:02:51Z
dc.date.issued2002
dc.identifier.issn03784754
dc.identifier.doi10.1016/S0378-4754(01)00408-6
dc.identifier.urihttp://hdl.handle.net/10072/7080
dc.description.abstractThis paper investigates the long-run relationship between the demand for international travel to Australia from Malaysia and a group of leading macroeconomic variables, including Malaysian income, tourism prices in Australia, transportation costs between Malaysia and Australia, and the exchange rate between the two countries. The Augmented Dickey-Fuller (ADF) procedure is used to test for unit roots, while Johansen's maximum likelihood procedure is used to test for cointegration and to estimate the number of cointegrating vectors. A single cointegrating relationship is found among the set of non-stationary macroeconomic variables, and is compared with the ordinary least squares estimates. It is found that lagged changes in real airfares, and the extent to which the system is out of equilibrium, are statistically significant. Surprisingly, real income does not seem to have a significant effect on tourism demand from Malaysia to Australia when the cointegration technique is used. However, real income (as measured by the logarithm of real private consumption expenditures per capita) is significant when ordinary least squares estimation is used.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoen_US
dc.publisherElsevier Science BV
dc.publisher.placeNetherlands
dc.relation.ispartofpagefrom197
dc.relation.ispartofpageto205
dc.relation.ispartofjournalMathematics and Computers in Simulation
dc.relation.ispartofvolume59
dc.subject.fieldofresearchMathematical Sciences
dc.subject.fieldofresearchPhysical Sciences
dc.subject.fieldofresearchInformation and Computing Sciences
dc.subject.fieldofresearchcode01
dc.subject.fieldofresearchcode02
dc.subject.fieldofresearchcode08
dc.titleA Cointegration Analysis of Annual Tourism Demand by Malaysia for Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2015-05-06T03:05:11Z
gro.hasfulltextNo Full Text
gro.griffith.authorLim, Christine


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