Factors Affecting Long-Run the Tourism Index

Abstract

The objective of this study is to study factors affecting long-run tourism index over the period January 2010 - December 2019. The paper employs the Autoregressive Distribution Lag (ARDL) approach to analyze the existence of a long- run equilibrium relationship. Finding from ARDL model that I(0) of consumer confidence index and manufacturing production index and I(1) of tourism index, SET index, consumer price index, gross domestic product, foreign tourists number and exchange rate (reference rate : USD).

The results provide evidence that SET index, manufacturing production index, foreign tourists number and exchange rate (reference rate : USD) are significantly positive relationship with tourism index on the other hand gross domestic product is significantly negatively related with tourism index in long-run.