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Wealth effect from real estate and outbound travel demand: the Malaysian case

Hassan, Gholipour Fereidouni and Al-Mulali, Usama and Mohammed, Miswan @ Abdul Hakim (2017) Wealth effect from real estate and outbound travel demand: the Malaysian case. Current Issues in Tourism, 20 (1). pp. 68-79. ISSN 1368-3500

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Official URL: http://dx.doi.org/10.1080/13683500.2014.882886


This study uses quarterly data from Malaysia (2000–2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents.

Item Type:Article
Additional Information:RADIS System Ref No:PB/2016/08883
Uncontrolled Keywords:wealth effect, terrace house
Subjects:G Geography. Anthropology. Recreation
Divisions:Geoinformation and Real Estate
ID Code:66450
Deposited By: Fazli Masari
Deposited On:03 Oct 2017 07:54
Last Modified:03 Oct 2017 07:54

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