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External shocks and tourist arrivals to Cambodia

Sohel Azad,ASM, Chheang,V and Ahsan,A 2014, External shocks and tourist arrivals to Cambodia, Tourism analysis, vol. 19, no. 3, pp. 311-321, doi: 10.3727/108354214X14029467968484.

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Title External shocks and tourist arrivals to Cambodia
Author(s) Sohel Azad,ASMORCID iD for Sohel Azad,ASM orcid.org/0000-0002-8853-7157
Chheang,V
Ahsan,A
Journal name Tourism analysis
Volume number 19
Issue number 3
Start page 311
End page 321
Publisher Cognizant Communication Corporation
Place of publication Putnam Valley, NY
Publication date 2014
ISSN 1083-5423
1943-3999
Keyword(s) External shocks
Random walk hypothesis
Simulation
Tourism
Unit root tests
Variance ratio tests
Summary This article investigates how external shocks affect tourist arrivals to Cambodia. The study relies on the random walk approach to test whether the shocks to tourist arrivals are temporary or persistent in nature. To facilitate the empirical investigation, the study applies and compares the results from different unit root tests and variance-ratio tests to the monthly tourists' arrival data from 1994 to December 2012. Both tests provide evidence of random walk hypothesis, implying that shocks to tourists' arrival to Cambodia have a persistent effect requiring short- to medium-term policies to combat the vulnerability due to those shocks. Public-private coordinated policies could reduce the impact, as we found that once the crisis (external shocks) is minimized, the magnitude of the shocks decays slowly.
Language eng
DOI 10.3727/108354214X14029467968484
Field of Research 150602 Tourism Forecasting
150699 Tourism not elsewhere classified
Socio Economic Objective 900301 Economic Issues in Tourism
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2014, Cognizant Communication Corporation
Persistent URL http://hdl.handle.net/10536/DRO/DU:30069030

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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