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Exploring the Dynamic Effects of Urbanization and Real Effective Exchange Rate on Tourism Output of Singapore

Naidu, Suwastika (2017) Exploring the Dynamic Effects of Urbanization and Real Effective Exchange Rate on Tourism Output of Singapore. Tourism Analysis, 22 (2). pp. 185-200. ISSN 1083-5423

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Abstract

The main aim of this article is to examine the short-run and long-run impacts of urbanization and real effective exchange rate on the tourism output of Singapore. This article uses the Autoregressive Distributed Lag (ARDL) bounds test to examine the relationship between urbanization, inflation, and tourism output by using the time series data for 30 years (1985–2015). The findings of this article confirm that a 1% increase in urbanization will increase tourism output by 132.87% in the longrun. A 1% positive change in urbanization will decrease tourism output by 68.83% in the short-run. The findings of this article also confirm that a 1% increase in the real effective exchange rate will decrease the tourism output of Singapore by 6.25% in the long-run. A 1% positive change in real effective exchange rate will increase tourism output by 2.23% in the short-run. This study has implications for policy makers and academics.

Item Type: Journal Article
Uncontrolled Keywords: ARDL BOUNDS TEST; LONG-RUN CAUSALITY; LONG-RUN COINTEGRATION; REAL EFFECTIVE EXCHANGE RATE; SHORT-RUN CAUSALITY; SINGAPORE; TOURISM OUTPUT; URBANIZATION
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economics (FBE) > School of Management and Public Administration
Depositing User: Suwastika Naidu
Date Deposited: 04 Jul 2017 13:48
Last Modified: 04 Jul 2017 13:48
URI: http://repository.usp.ac.fj/id/eprint/9977
UNSPECIFIED

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