tailieunhanh - Tourism promotion, tourism revenues and sectoral outputs in Thailand

Since 2010, tourism promoting policies have been implemented to drive economic growth and also economic development in Thailand. Government allocated a significant budget to promote tourism sector. As a result, tourism revenues have also been increased significantly. | Tourism promotion tourism revenues and sectoral outputs in Thailand International Journal of Mechanical Engineering and Technology IJMET Volume 10 Issue 03 March 2019 pp. 718-725. Article ID IJMET_10_03_075 Available online at http ijmet JType IJMET amp VType 10 amp IType 3 ISSN Print 0976-6340 and ISSN Online 0976-6359 IAEME Publication Scopus Indexed TOURISM PROMOTION TOURISM REVENUES AND SECTORAL OUTPUTS IN THAILAND Bundit Chaivichayachat Department of Economics Faculty of Economics Kasetsart University Bangkok Thailand ABSTRACT Since 2010 tourism promoting policies have been implemented to drive economic growth and also economic development in Thailand. Government allocated a significant budget to promote tourism sector. As a result tourism revenues have also been increased significantly. The increasing in the number of visitors induced the domestic final demand and the output in tourism related sectors. However the different group of visitors will response to the tourism promoting policy in the different ways. Following the Johansen system cointegration the results indicate that the tourism revenue in each group of visitors was response to the difference set of macroeconomic factors. The estimated normalized cointegration vectors confirm the positive relationship between government budget for promoting tourism and tourism revenue for all groups of visitors. For the sectoral analysis tourism revenue naturally induces final demand and initiates output only in a few sectors. According to the results the policies are 1 continuously promote tourism sectors in term of government budget 2 set up a specific policy for each group of visitors and 3 income re-distribution to the sector which are not related to tourism sector. Key words Thai Tourism Input-Output Table Bridge Matrix Tourism Revenue Cite this Article Bundit Chaivichayachat Tourism Promotion Tourism Revenues and Sectoral Outputs in Thailand International Journal of Mechanical .