An Examination of Exchange Rates on Foreign Tourist Flows into ASEAN-3

This research aims to analyze the effect of exchange rates on foreign tourist flows in ASEAN-3. A fixed-effect model is used to estimate data from three ASEAN countries, namely: Indonesia, Malaysia, and Thailand from 1995 to 2016. The result shows that the exchange rate has a significant positive ef...

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Bibliographic Details
Published inJejak (Jurnal Economi dan Kebijakan) Vol. 14; no. 2; pp. 235 - 243
Main Authors Purna, Fitra Prasapawidya, Munandar, Aris, Bija, Rein Pong
Format Journal Article
LanguageEnglish
Published Universitas Negeri Semarang 30.09.2021
Subjects
exchange rate, tourism, fixed effect model, asean-3
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Summary:This research aims to analyze the effect of exchange rates on foreign tourist flows in ASEAN-3. A fixed-effect model is used to estimate data from three ASEAN countries, namely: Indonesia, Malaysia, and Thailand from 1995 to 2016. The result shows that the exchange rate has a significant positive effect on foreign tourist flow. In other words, the depreciation of domestic currency increasing foreign tourist flow. Other control variables such as income per capita, HIV prevalence, trade, and consumer price index significantly affect a different sign.
ISSN:2460-5123
2460-5123
DOI:10.15294/jejak.v14i2.30417