Dynamic relationship between air transport, economic growth and inbound tourism in Cambodia, Laos, Myanmar and Vietnam

Law, Colin C. H. and Zhang, Yahua ORCID: https://orcid.org/0000-0003-1522-3402 and Gow, Jeff and Vu, Xuan-Binh (Benjamin) ORCID: https://orcid.org/0000-0003-0238-002X (2022) Dynamic relationship between air transport, economic growth and inbound tourism in Cambodia, Laos, Myanmar and Vietnam. Journal of Air Transport Management, 98:102161. pp. 1-9. ISSN 0969-6997


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.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Date Deposited: 10 Nov 2021 23:55
Last Modified: 11 Nov 2021 00:45
Uncontrolled Keywords: air transport; tourism; economic growth; deregulation; autoregressive distributed lag
Fields of Research (2008): 14 Economics > 1402 Applied Economics > 140217 Transport Economics
Fields of Research (2020): 38 ECONOMICS > 3801 Applied economics > 380117 Transport economics
Identification Number or DOI: https://doi.org/10.1016/j.jairtraman.2021.102161
URI: http://eprints.usq.edu.au/id/eprint/44188

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