Estimating demand elasticities for Australia's international outbound tourism

Research output: Contribution to journalArticle

26 Citations (Scopus)

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 languageEnglish
Pages (from-to)999-1017
Number of pages19
JournalTourism Economics
Volume18
Issue number5
DOIs
Publication statusPublished - 1 Oct 2012
Externally publishedYes

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demand elasticity
international tourism
tourism
Tourism
immigration
demand
panel data
elasticity
tourist
travel
determinants
Immigration
International tourism
Demand elasticity
Elasticity
Demand model
Dynamic demand
Tourists
International travel
Destination

Cite this

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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 journalArticle

TY - JOUR

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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.

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