The Causal Relationships between International Trade and International Tourism in NAFTA countries: Applications of Time and Frequency Domain Approaches

References

• Adiguzel, U., T. Bayat, S. Kayhan, and S. Nazlioglu. 2013. “Oil Prices and Exchange Rates in Brazil, India and Turkey: Time and Frequency Domain Causality Analysis.” Research Journal of Politics, Economics and Management 1 (1):49–73.
   Google Scholar
• Aradhyula, S., and R. Tronstad. 2003. “Does Tourism Promote Cross-Border Trade?” American Journal of Agricultural Economics 85 (3):569–579. doi:10.1111/ajae.2003.85.issue-3
   Web of Science ®Google Scholar
• Bai, J., and P. Perron. 1998. “Estimating and Testing Linear Models with Multiple Structural Changes.” Econometrica 66 (1):47–78. doi:10.2307/2998540
   Web of Science ®Google Scholar
• Bozoklu, S., and V. Yilanci. 2013. “Energy Consumption and Economic Growth for Selected OECD Countries: Further Evidence from the Granger Causality Test in the Frequency Domain.” Energy Policy 63: 877–881. doi: 10.1016/j.enpol.2013.09.037.
   Web of Science ®Google Scholar
• Breitung, J., and B. Candelon. 2006. “Testing for Short and Long-Run Causality: A Frequency Domain Approach.” Journal of Econometrics 12: 363–378. doi: 10.1016/j.jeconom.2005.02.004.
   Google Scholar
• Brida, J., I. Cortes-Jimenez, and M. Pulina. 2016. “Has the Tourism-Led Growth Hypothesis Been Validated? A Literature Review.” Current Issues in Tourism 19 (5):394–430. doi:10.1080/13683500.2013.868414
   Web of Science ®Google Scholar
• Carrion-i-Silvestre, J. L., D. Kim, and P. Perron. 2009. “GLS-Based Unit Root Tests with Multiple Structural Breaks under Both the Null and the Alternative Hypotheses.” Econometric Theory 25: 1754–1792. doi: 10.1017/S0266466609990326.
   Web of Science ®Google Scholar
• Census. 2017. “Foreign Trade.” Accessed January 13, 2017. https://www.census.gov/foreign-trade/balance/index.html.
   Google Scholar
• FED (Federal Reserve Bank of St. Louis). 2017. “Economic Research.” Accessed January 13, 2017. https://research.stlouisfed.org/.
   Google Scholar
• Fischer, C., and L. Gil-Alana. 2009. “The Nature of the Relationship between International Tourism and International Trade: The Case of German Imports of Spanish Wine.” Applied Economics 41 (11):1345–1359. doi:10.1080/00036840601019349
   Web of Science ®Google Scholar
• Fry, D., A. Saayman, and M. Saayman. 2010. “The Relationship between Tourism and Trade in South Africa.” South African Journal of Economics 78 (3):287–306. doi:10.1111/saje.2010.78.issue-3
   Web of Science ®Google Scholar
• Gautam, V., and S. Kg. 2012. “An Empirical Investigation about Relationship between International Trade and Tourist Arrival: Evidence from India.” Business Excellence and Management 2 (3):53–62.
   Google Scholar
• Geweke, J. 1982. “Measurement of Linear Dependence and Feedback between Multiple Time Series.” Journal of the American Statistical Association 77: 304–313. doi: 10.1080/01621459.1982.10477803.
   Web of Science ®Google Scholar
• Granger, C. J. 1969. “Investigating Causal Relationships by Econometrics Models and Cross Spectral Methods.” Econometrica 37: 425–435. doi: 10.2307/1912791.
   Web of Science ®Google Scholar
• Hosoya, Y. 1991. “The Decomposition and Measurement of the Interdependence between Second-Order Stationary Process.” Probability Theory and Related Fields 88: 429–444. doi: 10.1007/BF01192551.
   Web of Science ®Google Scholar
• IMF. 2017. “Direction of Trade Statistics.” Accessed January 15, 2017. http://data.imf.org/?sk=9D6028D4-F14A-464C-A2F2-59B2CD424B85.
   Google Scholar
• Kadir, N., and K. Jusoff. 2010. “The Cointegration and Causality Tests for Tourism and Trade in Malaysia.” International Journal of Economics and Finance 2 (1):138–143. doi:10.5539/ijef.v2n1p138
   Google Scholar
• Katircioglu, S. 2009. “Trade, Tourism and Growth: The Case of Cyprus.” Applied Economics 41 (21):2741–2750. doi:10.1080/00036840701335512
   Web of Science ®Google Scholar
• Katircioglu, S. 2011. “The Bounds Test to the Level Relationship and Causality between Foreign Direct Investment and International Tourism: The Case of Turkey.” Economics and Management 14 (1):6–13.
   Google Scholar
• Keum, K. 2011. “International Tourism and Trade Flows: A Causality Analysis Using Panel Data.” Tourism Economics 17 (5):949–962. doi:10.5367/te.2011.0054
   Web of Science ®Google Scholar
• Khan, H., and C. C. Lin 2002. “International Trade and Tourism: Evidence from Co-integration and Causality Tests by Using Singapore Data.” The 33rd Annual Conference of Travel and Tourism Association (TTRA), Arlington VA, June 23–26.
   Google Scholar
• Khan, H., R. S. Toh, and L. Chua. 2005. “Tourism and Trade: Co-integration and Granger Causality Tests.” Journal of Travel Research 44 (2):171–176. doi:10.1177/0047287505276607
   Google Scholar
• Kulendran, N., and K. Wilson. 2000. “Is There A Relationship between International Trade and International Travel?” Applied Economics 32: 1001–1009. doi: 10.1080/000368400322057.
   Web of Science ®Google Scholar
• Kumar, M., S. Prashar, and R. K. Jana. 2019. “Does International Tourism Spur International Trade and Output? Evidence from Wavelet Analysis.” Tourism Economics 25 (1):22–33. doi:10.1177/1354816618788392
   Web of Science ®Google Scholar
• Leitao, N. C. 2010. “Does Trade Help to Explain Tourism Demand? the Case of Portugal.” Theoretical and Applied Economics 3 (544):63–74.
   Google Scholar
• Marrocu, E., and R. Paci. 2011. “They Arrive with New Information. Tourism Flows and Production Efficiency in the European Regions.” Tourism Management 32: 750–758. doi: 10.1016/j.tourman.2010.06.010.
   Web of Science ®Google Scholar
• NTTO (National Travel & Tourism Office). 2017. “Monthly Tourism Statistics.” Accessed November 2, 2017. http://travel.trade.gov/research/monthly/arrivals/.
   Google Scholar
• Ozcan, C. C. 2016. “International Trade and Tourism for Mediterranean Countries: A Panel Causality Analysis.” Theoretical and Applied Economics 23 (1):203–212.
   Google Scholar
• Pablo-Romero, M. P., and J. A. Molina. 2013. “Tourism and Economic Growth: A Review of Empirical Literature.” Tourism Management Perspectives 8: 28–41. doi: 10.1016/j.tmp.2013.05.006.
   Google Scholar
• Pernia, E. M., and P. F. Quising. 2003. “Trade Openness and Regional Development in a Developing Country.” The Annals of Regional Science 37 (3):391–406. doi:10.1007/s00168-003-0160-y
   Web of Science ®Google Scholar
• Pesaran, M., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16: 289–326. doi: 10.1002/(ISSN)1099-1255.
   Web of Science ®Google Scholar
• Quinn, M. 2009. “Movies and the Mystery of the Missing Trade: Is Hollywood Good for U.S. Exporters?” International Trade of Journal 23 (2):231–254. doi:10.1080/08853900802388019
   Google Scholar
• Santana-Gallego, M., F. J. Ledesma- Rodriguez, and J.V. Perez-Rodriguez. 2011a. “Tourism and Trade in OECD Countries. A Dynamic Heterogeneous Panel Data Analysis.” Empirical Economics 41 (2):533–554. doi:10.1007/s00181-011-0477-9
   Web of Science ®Google Scholar
• Santana-Gallego, M., F. J. Ledesma-Rodriguez, and J. V. Perez-Rodriguez. 2011b. “Tourism and Trade in Small Island Regions: The Case of the Canary Islands.” Tourism Economics 17 (1):107–125. doi:10.5367/te.2011.0029
   Web of Science ®Google Scholar
• Santana-Gallego, M., F. J. Ledesma-Rodriguez, J. V. Perez-Rodriguez, and I. Cortes‐Jimenez. 2010. “Does a Common Currency Promote Countries’ Growth via Trade and Tourism?” The World Economy 33 (12):1811–1835. doi:10.1111/j.1467-9701.2010.01305.x
   Web of Science ®Google Scholar
• Santana-Gallego, M., F.J. Rodríguez- Ledesma, and J.V. Pérez-Rodríguez. 2016. “International Trade and Tourism Flows: An Extension of the Gravity Model.” Economic Modelling 52: 1026–1033. doi: 10.1016/j.econmod.2015.10.043.
   Web of Science ®Google Scholar
• Senturk, M., G. Ozkan, and Y. E. Akbas. 2014. “The Relationship between Economic Growth and Stock Returns: An Example from Turkey.” Dogus University Journal 15 (2):155–164.
   Google Scholar
• Shan, J., and K. Wilson. 2001. “Causality between Trade and Tourism: Empirical Evidence from China.” Applied Economic Letters 8: 279–283. doi: 10.1080/135048501750104114.
   Web of Science ®Google Scholar
• Sinclair, M. T. 1998. “Tourism and Economic Development: A Survey.” Journal of Development Studies 34: 1–51. doi: 10.1080/00220389808422535.
   Web of Science ®Google Scholar
• Suresh, K.G., and K. A. Tiwari. 2018. “Does International Tourism Affect International Trade and Economic Growth? the Indian Experience.” Empirical Economics 54 (3):945–957. doi:10.1007/s00181-017-1241-6
   Web of Science ®Google Scholar
• Surugiu, C., N. C. Leitao, and M. R. Surugiu. 2011. “A Panel Data Modeling of International Tourism Demand: Evidences for Romania.” Economic Research 24 (1):134–145.
   Google Scholar
• Tariq, A., Z. Ahmad, and J. Hussain. 2015. “The Nature of Relationship between International Tourism and Trade: A Panel Data Perspective.” Journal of Statistics 22:9–21.
   Google Scholar
• Tsui, W. H. K., and M. K. Y. Fung. 2016. “Causality between Business Travel and Trade Volumes: Empirical Evidence from Hong Kong.” Tourism Management 52: 395–404. doi: 10.1016/j.tourman.2015.07.010.
   Web of Science ®Google Scholar
• WTO. 2017. “World Trade Statistical Review, World Trade Organization.” Accessed January 15, 2017. https://www.wto.org/english/res_e/statis_e/wts_e.htm.
   Google Scholar