Abstract
In spite of the vast and growing literature on tourism demand, outbound tourism remains relatively under-researched. This paper highlights the usefulness of examining determinants of outbound tourism and develops a comprehensive dynamic demand model for international travel from Australia using the panel data cointegration technique. The data represent 47 destinations for the period 1991-2008. The aim is to compute robust demand elasticities. One of the contributions of the paper is that it demonstrates the role immigration plays in determining international tourist departures from Australia. The estimated short-run and long-run immigration elasticities are 0.2 and 0.6, respectively.
| Original language | English |
|---|---|
| Pages (from-to) | 999-1017 |
| Number of pages | 19 |
| Journal | Tourism Economics |
| Volume | 18 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 1 Oct 2012 |
| Externally published | Yes |
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Estimating demand elasticities for Australia's international outbound tourism. / Seetaram, Neelu.
In: Tourism Economics, Vol. 18, No. 5, 01.10.2012, p. 999-1017.Research output: Contribution to journal › Article
TY - JOUR
T1 - Estimating demand elasticities for Australia's international outbound tourism
AU - Seetaram, Neelu
PY - 2012/10/1
Y1 - 2012/10/1
N2 - In spite of the vast and growing literature on tourism demand, outbound tourism remains relatively under-researched. This paper highlights the usefulness of examining determinants of outbound tourism and develops a comprehensive dynamic demand model for international travel from Australia using the panel data cointegration technique. The data represent 47 destinations for the period 1991-2008. The aim is to compute robust demand elasticities. One of the contributions of the paper is that it demonstrates the role immigration plays in determining international tourist departures from Australia. The estimated short-run and long-run immigration elasticities are 0.2 and 0.6, respectively.
AB - In spite of the vast and growing literature on tourism demand, outbound tourism remains relatively under-researched. This paper highlights the usefulness of examining determinants of outbound tourism and develops a comprehensive dynamic demand model for international travel from Australia using the panel data cointegration technique. The data represent 47 destinations for the period 1991-2008. The aim is to compute robust demand elasticities. One of the contributions of the paper is that it demonstrates the role immigration plays in determining international tourist departures from Australia. The estimated short-run and long-run immigration elasticities are 0.2 and 0.6, respectively.
KW - Australia
KW - Dynamic panel data cointegration
KW - Immigration
KW - Outbound tourism demand
UR - http://www.scopus.com/inward/record.url?scp=84867892053&partnerID=8YFLogxK
U2 - 10.5367/te.2012.0161
DO - 10.5367/te.2012.0161
M3 - Article
VL - 18
SP - 999
EP - 1017
JO - Tourism Economics
JF - Tourism Economics
SN - 1354-8166
IS - 5
ER -