Journal article
Tourism and the Services Sector Growth in Singapore
Tourism Analysis, Vol.18(1), pp.103-109
2013
Abstract
Within the context of a trivariate vector autoregressive framework that includes the degree of services sector openness, this article examines the link between tourism growth and services sector growth in Singapore. Empirical analysis based on Johansen's cointegration approach shows that the three variables are cointegrated (i.e., a stable long-run relationship exists among tourism growth, the degree of openness of the service sector, and services sector growth). The services and manufacturing sectors are regarded as the twin engines of Singapore's economic growth. It can be argued that tourism growth contributes to economic growth in Singapore through its impact on the services sector.
Details
- Title
- Tourism and the Services Sector Growth in Singapore
- Authors
- Sajid Anwar (Author) - University of the Sunshine Coast - Faculty of Arts and BusinessAbbas Valadkhani (Author) - University of New England
- Publication details
- Tourism Analysis, Vol.18(1), pp.103-109
- Publisher
- Cognizant Communication Corporation
- Date published
- 2013
- DOI
- 10.3727/108354213X13613720283809
- ISSN
- 1083-5423
- Copyright note
- Copyright © 2013 Cognizant Communication Corporation. The published version is reproduced here in accordance with the publisher's copyright policy
- Organisation Unit
- School of Business and Creative Industries; Indigenous and Transcultural Research Centre; University of the Sunshine Coast, Queensland; USC Business School - Legacy
- Language
- English
- Record Identifier
- 99448773102621
- Output Type
- Journal article
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- Hospitality, Leisure, Sport & Tourism
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