Analysis of Tourism Demand Cointegration from China to Indonesia

DOI

10.2991/aebmr.k.210311.060How to use a DOI?

Keywords

Tourism Industry, demand cointegration, GDP per capita, exchange rate relatif price

Abstract

Tourism Industry has been an important contributor to Indonesia Economy. The purpose of the empirical research in this paper is to investigate the existence of cointegration between China tourism demand in Indonesia with several macroeconomic factors like as real GDP per capita of the China, relatif price, exchange rate and trade openess using annual data spanning 2000-2018. Augmented Dikey-Fuller, Phillip Peron and Johansen’s maximum likelihood tests are used to test for unit root and cointegration. An error correction model is estimated for an explain the short run China tourism demand to Indonesia.The result shows that the long run equilibrium exist among endogen variables and China tourist seems to be highly sensitive to the real GDP per capita, relatif price, exchange rate and trade openness with the signs like as the expectation. The implies of this study is that Indonesia government should arrange macroeconomic policies to sustain International tourism demands, especially from China.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sarwoko Sarwoko
AU  - Ridwan Ridwan
AU  - Henry Sarnowo
PY  - 2021
DA  - 2021/03/13
TI  - Analysis of Tourism Demand Cointegration from China to Indonesia
BT  - Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)
PB  - Atlantis Press
SP  - 304
EP  - 306
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210311.060
DO  - 10.2991/aebmr.k.210311.060
ID  - Sarwoko2021
ER  -