Microsoft Word 2007 ichrie conference Proceedings Final-Final 06-06-07. doc

 
2007 Annual International CHRIE Conference & Exposition 
27
CASUAL RELATIONS AMONG TOURISM EXPANSION, ECONOMIC ACTIVITY, EXPORTS AND 
EXCHANGE RATES 
 
Ming-Hsiang Chen 
National Chung Cheng University 
Chia-Yi, Taiwan, ROC 
 
Hyun Jeong Kim 
Washington State University 
Pullman, WA, USA 
and 
Shi-Shen Huang 
National Kaohsiung First University of Science and Technology 
Kaohsiung City, Taiwan, ROC 
ABSTRACT 
This study investigates the causality among tourism development, exchange rate, exports and economic 
growth within four Asian tourist destinations based on a multivariate framework of Granger causality tests. The 
findings primarily lend support to the conclusion of Kim et al. (2006) that mixed results regarding the existence of 
tourism-led economic growth may be due to the level of openness of an economy, travel restrictions, and the size of 
the national economy. Moreover, the ability of tourism expansion to energize economic growth is dependent upon 
the degree to which a country’s economic development is dependent upon tourism.