首页> 外文期刊>The Singapore economic review >TOURISM AND GROWTH IN SINGAPORE: NEW EXTENSION FROM BOUNDS TEST TO LEVEL RELATIONSHIPS AND CONDITIONAL GRANGER CAUSALITY TESTS
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TOURISM AND GROWTH IN SINGAPORE: NEW EXTENSION FROM BOUNDS TEST TO LEVEL RELATIONSHIPS AND CONDITIONAL GRANGER CAUSALITY TESTS

机译:新加坡的旅游业和增长:从有界限的测试到新的关系和有条件的因果关系测试的新扩展

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摘要

This paper empirically investigates the tourism-led growth (TLG) hypothesis in the case of Singapore by employing the bounds test to cointegration, error correction models and Granger causality tests using annual data from 1960 to 2007. Results confirm the existence of long-term equilibrium relationship between international tourism and economic growth in the case of Singapore; real income growth converges to its long-term equilibrium level significantly by 51.4% in the TLG model. The major finding of this study is that the TLG hypothesis is confirmed for the Singaporean economy in the long-term as a result of conditional Granger causality tests.
机译:本文采用边界检验对协整,误差校正模型和格兰杰因果检验进行实证研究,研究了新加坡为例的旅游业主导增长(TLG)假设,该检验使用了1960年至2007年的年度数据。结果证实了长期均衡的存在以新加坡为例,国际旅游与经济增长之间的关系;在TLG模型中,实际收入增长显着收敛至其长期均衡水平51.4%。这项研究的主要发现是,由于有条件的格兰杰因果关系检验,长期而言,新加坡经济的TLG假设得到了证实。

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