ASIAN FINANCIAL CRISIS, AVIAN FLU AND TERRORIST THREATS: ARE SHOCKS TO MALAYSIAN TOURIST ARRIVALS PERMANENT OR TRANSITORY?

• Main Authors: Hooi Hooi Lean, Russell Smyth
• Format: Report
• Language: unknown
• Subjects: Lagrange; Avian flu
• Online Access: http://www.buseco.monash.edu.au/eco/research/papers/2006/1106malaysia.pdf

International visitor arrivals from Malaysia's ten major source markets are examined using Lagrange Multiplier (LM) unit root tests with one and two structural breaks to ascertain if shocks to the time path of tourist arrivals are permanent or transitory. The LM unit root test with one break is...