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paper explores the validity of the tourism-led growth hypothesis for Thailand using quarterly data from 2006 to 2017. The … that the tourism-led growth hypothesis holds for Thailand …Previous empirical studies have mainly applied linear cointegration analysis to find the relationship between tourism …
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Thailand) to avoid the trap, they should strengthen research and development capability, emphasize the quality and …
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In the developing economy, tourism is the most visible and steadiest growing facade. Tourism is considered one of the … autoregression (VAR) model, error correction model (ECM), and the Granger causality to check the relationship between the tourism … product (GDP) is used as a replacement variable for the economic growth index, while internal tourism revenue is used as a …
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