Dynamic relationship between air transport, economic growth and inbound tourism in Cambodia, Laos, Myanmar and Vietnam
Article
Article Title | Dynamic relationship between air transport, economic growth and inbound tourism in Cambodia, Laos, Myanmar and Vietnam |
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ERA Journal ID | 19639 |
Article Category | Article |
Authors | Law, Colin C. H. (Author), Zhang, Yahua (Author), Gow, Jeff (Author) and Vu, Xuan-Binh (Benjamin) (Author) |
Journal Title | Journal of Air Transport Management |
Journal Citation | 98, pp. 1-9 |
Article Number | 102161 |
Number of Pages | 9 |
Year | 2022 |
Place of Publication | United Kingdom |
ISSN | 0969-6997 |
1873-2089 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.jairtraman.2021.102161 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0969699721001423?dgcid=coauthor |
Abstract | Cambodia, Laos, Myanmar and Vietnam (the CLMV countries) in Mainland Southeast Asia share a similar history in their political systems, development of their aviation industries and their economic development in general. This study examines the relationship between air transport development, economic growth and inbound tourism in the CLMV countries. There is bi-directional causality between air passenger traffic and economic growth in the long run. Inbound tourism has a significant impact on air transport demand in the long run but no significant relationship exists between the two in the short run. Air transport deregulation had a positive and significant impact on traffic volumes, particularly for Cambodia. Further reforms are still needed before such an outcome can occur in Myanmar. |
Keywords | air transport; tourism; economic growth; deregulation; autoregressive distributed lag |
ANZSRC Field of Research 2020 | 380117. Transport economics |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Business |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q6w02/dynamic-relationship-between-air-transport-economic-growth-and-inbound-tourism-in-cambodia-laos-myanmar-and-vietnam
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