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The tourism industry is one of the most rapidly developing industries in the world and tourism in the Southeast Asian … region has been developing in the past few years. The present study focuses on the data from the ASEAN region to study the … data. In the estimation of regressors the panel corrected standard error and the one step system of generalized method of …
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examines its empirical validity based on a sample of ASEAN-5 member countries. Using the heterogeneous panel cointegration … in the long run. The long-run cointegrating coefficients are then estimated using the fully modified OLS (FMOLS) and the … dynamic OLS (DOLS) proposed by Pedroni. The estimated long-run coefficients suggest that UIP only holds for Singapore. These …
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