Impact of COVID-19 on ASEAN tourism industry
Document Type
Article
Publication Date
5-1-2022
Abstract
This article aims to examine the extent of the COVID-19 on the tourism industry in ASEAN countries. This study utilized a Panel Vector Autoregression approach to examine the possible bidirectional causality that exists between COVID-19 and tourist arrivals. Data from seven ASEAN nations were used wherein accumulated numbers of cases are hypothesized due to variations in the levels of inbound tourism and other socio-economic differences. The findings indicated two-way causality between COVID-19 and tourist arrivals at the 95% significance level. The results revealed that international tourism can seriously be affected by the COVID-19 outbreak.
Keywords
COVID-19, tourism, ASEAN, panel vector autoregression
Divisions
Faculty_of_Business_and_Accountancy
Funders
Universiti Malaya COVID-19 Related Special Research Grant (UMCSRG) 2020-2021 (Grant No. CSRG010-2020SS)
Publication Title
Journal Of Asian Public Policy
Volume
15
Issue
2, SI
Publisher
Routledge Journals, Taylor & Francis Ltd
Publisher Location
2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND