Thailand’s International Tourism Demand: The ARDL Approach to Cointegration
The purpose of this study is to investigate the short-term and long-term relationships between international tourism demand and variables, such as GDP, the price of jet fuel, the exchange rate, exchange rate risk, and temperature during 1997(Q1)-2005(Q2). The autoregressive distributed lag (ARDL) approach to cointegration was used to estimate Thailand’s international tourism demand. The short-term and long-term relationships results revealed that growth in income, an increase in the price of jet fuel, exchange rate variations, exchange rate risk, and temperature in Thailand affected the number of international tourist arrivals to Thailand.
Keywords: Thailand, economic Variables, International Tourism Demand, ARDL, Approach to Cointegration
Dr. Prasert Chaitip
Associate Professor, Faculty of Economics, Chiang Mai University
-Prepare environmental project mechanism for stakeholders in all sectors.
-Carry out field work for dialogue with stakeholders
-International trade work on trade flows and trade barriers.
- International Trade - Micro economics.
- Financial modeling - Environmental and resource economics
- Economic evaluation
Ph.D. student (Indian Government Scholarship), Bangalore University