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Article
Publication date: 7 February 2018

Phouphet Kyophilavong, John Luke Gallup, Teerawat Charoenrat and Kenji Nozaki

The purpose of this paper is to investigate the tourism-led growth hypothesis in Laos.

Abstract

Purpose

The purpose of this paper is to investigate the tourism-led growth hypothesis in Laos.

Design/methodology/approach

The authors test the tourism-led growth hypothesis using autoregressive distributed lag (ARDL) cointegration estimation (Pesaran et al., 2001) and Granger causality tests.

Findings

The results of this paper show that when tourism is forcing variable, there is no long-run relationship between tourism development and economic growth. The Granger causality test demonstrates that there is a uni-directional causality running from economic growth in tourism.

Social implications

The empirical results and policy recommendation may be useful for other small developing countries.

Originality/value

This study is the first study to investigate the relationship between tourism development and growth in Laos, using a relatively new econometric approach – ARDL bound testing.

Details

Tourism Review, vol. 73 no. 2
Type: Research Article
ISSN: 1660-5373

Keywords

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Article
Publication date: 4 April 2016

Phouphet Kyophilavong

This study aims to lay out a framework to quantify the impacts of mining booms on the macro-economy in Laos.

Abstract

Purpose

This study aims to lay out a framework to quantify the impacts of mining booms on the macro-economy in Laos.

Design/methodology/approach

A computable general equilibrium (CGE) model is used to investigate the impact of the mining sector on the Laos’ economy by examining this sector’s increase in both stock and the productivity of capital.

Findings

It was found that higher capital stock and productivity lead to increased value added, production, exports and investment in the mining sector. These increases result in higher real gross domestic product, exports and investment. Unfortunately, the effects from the associated Dutch disease negatively impact real production and value added in the agriculture and industry. Suitable macroeconomic management and prudent administration of the windfall income from mining are therefore important.

Practical implications

The finding is important for policymakers to implement policy to deal with the negative impact of mining booms.

Originality/value

It is the first study to attempt to investigate the impact of the mining sector on the Lao economy using the CGE model. Second, we also provide recommendation to cope with the negative impact from mining booms which provide important implications for other developing countries that face the negative impact from mining booms.

Details

International Journal of Development Issues, vol. 15 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

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Article
Publication date: 7 September 2015

Inpaeng Sayvaya and Phouphet Kyophilavong

– The purpose of this study is to examine whether the village development fund (VDF) program reduces poverty in terms of income and expenditure.

Abstract

Purpose

The purpose of this study is to examine whether the village development fund (VDF) program reduces poverty in terms of income and expenditure.

Design/methodology/approach

The authors use cross-sectional data that are collected from 361 households in 15 villages in the rural district of Sukhuma of Champasak province in 2012 and use regression for analysis.

Findings

The estimate of the empirical model that is used for the econometric analysis is based on the model constructed by Coleman (1999). This study finds that VDF program has a positive impact on household income and expenditure but that the impact is statistically insignificant.

Research limitations/implications

The authors conclude that the VDF program has a minimal impact on poverty reduction in the study area.

Practical implications

Policy-maker should be aware that promotion of the VDF program might not reduce poverty in terms of income and expenditure.

Social implications

This finding might have significant impacts on poverty reduction strategy of Lao PDR.

Originality/value

It is the first study to investigate the impact of the VDF program on poverty in Lao PDR.

Details

International Journal of Development Issues, vol. 14 no. 3
Type: Research Article
ISSN: 1446-8956

Keywords

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