ARMAX Modelling of International Tourism Demand
نویسنده
چکیده
One of the basic goals of tourism demand modelling is to estimate income and/or price elasticities, which can then be used in developing better informed public and private policies. The focus of econometric studies is to determine the extent to which the data support a particular theory. In reviews of empirical studies on international tourism demand and its determinants, Lim (1999, 2006) argued that the most prominent and frequently used variable in these studies is income of tourist-generating countries, which affects the ability of consumers in these countries to pay for their overseas travel. More specifically, the demand for international travel is positively related to income in the origin market.
منابع مشابه
Modelling Conditional Correlations in International Tourism Demand
International tourism demand, or tourist arrivals, to Australia has recently experienced dramatic fluctuations due to changes in the economic, financial and political environment. However, variations in tourism demand, specifically the conditional variance, or volatility, have not previously been investigated. An analysis of such volatility is essential for investigating the effects of shocks i...
متن کاملModelling sustainable international tourism demand to the Brazilian Amazon
The Amazon rainforest is one of the world’s greatest natural wonders and holds great importance and significance for the world’s environmental balance. Around 60% of the Amazon rainforest is located in the Brazilian territory. The two biggest states of the Amazon region are Amazonas (the upper Amazon) and Pará (the lower Amazon), which together account for around 73% of the Brazilian Legal Amaz...
متن کاملModelling income effects on long and short haul international travel from Japan
International travel and tourism are among the most dynamic sectors in the modern economy. The phenomenal growth in international tourist arrivals has significantly outpaced global economic growth over the previous five decades, with particularly strong growth in the Asia and Pacific regions. Among other factors, changes in aircraft technology, economic prosperity and international air service ...
متن کاملA Study of Demand Factors on Foreign Tourism in Iran
This article aims at identifying the factors involved in affecting the travel demand to Iran. The hypothesis of the research specifies the variable of “domestic social unrest and insecurity” as the most significant obstacle that stands against an expansion of the demand for travel to Iran. To test the above hypothesis, first several demand models that have been proposed to study demand for tour...
متن کامل