Does international trade promote international tourism demand? Evidence from Thailand's trading partners

The purpose of this study was to analyze the relationship between international trade and international tourism demand in Thailand. Using a dataset of 207 trade partnership countries of Thailand, it was found that the degree of trade openness was positively correlated with international tourism dema...

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Main Authors: Wipaporn Chaisumpunsakul, Piriya Pholphirul
Format: Article
Language:English
Published: Elsevier 2018-09-01
Series:Kasetsart Journal of Social Sciences
Online Access:http://www.sciencedirect.com/science/article/pii/S2452315116301448
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spelling doaj-e40704216c194c85bf4c181eefb1fea42020-11-24T20:43:38ZengElsevierKasetsart Journal of Social Sciences2452-31512018-09-01393393400Does international trade promote international tourism demand? Evidence from Thailand's trading partnersWipaporn Chaisumpunsakul0Piriya Pholphirul1Kasikorn Bank, ThailandGraduate School of Development Economics, National Institute of Development Administration, Bangkok 10240, Thailand; Corresponding author.The purpose of this study was to analyze the relationship between international trade and international tourism demand in Thailand. Using a dataset of 207 trade partnership countries of Thailand, it was found that the degree of trade openness was positively correlated with international tourism demand. A percentage increase in trade share to GDP contributed about 0.046 percent of short-term foreign tourism demand and 0.807 percent of long-term tourism demand in Thailand. The import volume from origin countries' tourists to Thailand also increased the short-term tourism demand by 0.029 percent and the long-term tourism demand by 0.592 percent in Thailand. These results can be supportive of government strategies that aim to enhance the country's trade volume as well as stimulate Thailand's international tourism demand. Keywords: international tourism demand, international trade, Thailandhttp://www.sciencedirect.com/science/article/pii/S2452315116301448
collection DOAJ
language English
format Article
sources DOAJ
author Wipaporn Chaisumpunsakul
Piriya Pholphirul
spellingShingle Wipaporn Chaisumpunsakul
Piriya Pholphirul
Does international trade promote international tourism demand? Evidence from Thailand's trading partners
Kasetsart Journal of Social Sciences
author_facet Wipaporn Chaisumpunsakul
Piriya Pholphirul
author_sort Wipaporn Chaisumpunsakul
title Does international trade promote international tourism demand? Evidence from Thailand's trading partners
title_short Does international trade promote international tourism demand? Evidence from Thailand's trading partners
title_full Does international trade promote international tourism demand? Evidence from Thailand's trading partners
title_fullStr Does international trade promote international tourism demand? Evidence from Thailand's trading partners
title_full_unstemmed Does international trade promote international tourism demand? Evidence from Thailand's trading partners
title_sort does international trade promote international tourism demand? evidence from thailand's trading partners
publisher Elsevier
series Kasetsart Journal of Social Sciences
issn 2452-3151
publishDate 2018-09-01
description The purpose of this study was to analyze the relationship between international trade and international tourism demand in Thailand. Using a dataset of 207 trade partnership countries of Thailand, it was found that the degree of trade openness was positively correlated with international tourism demand. A percentage increase in trade share to GDP contributed about 0.046 percent of short-term foreign tourism demand and 0.807 percent of long-term tourism demand in Thailand. The import volume from origin countries' tourists to Thailand also increased the short-term tourism demand by 0.029 percent and the long-term tourism demand by 0.592 percent in Thailand. These results can be supportive of government strategies that aim to enhance the country's trade volume as well as stimulate Thailand's international tourism demand. Keywords: international tourism demand, international trade, Thailand
url http://www.sciencedirect.com/science/article/pii/S2452315116301448
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