The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Exchange Rate Volatility and Cointegration in Tourism Demand
Abstract
This study investigates the long-run demand for Australian outbound leisure tourism during the period 1983 (quarter 1) to 1997 (quarter 4) for nine major tourism destinations. The study is unique in an international context by using exchange rate volatility as an explanatory variable, while it is unique in an Australian context by using a composite substitute price variable. The estimation and hypothesis-testing processes are undertaken using both the Johansen and Engle and Granger procedures. The variance of the exchange rate was found to be a significant determinant of long-run tourism demand in 50% of estimates. Real disposable income and substitute prices were found to have inelastic long-run effects on tourism, while the long-run relative price elasticity tended to differ widely across countries. Indonesia was the only country to find that the exchange rate has a significantly different impact on tourism than relative prices.
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Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
STATISTICAL ANALYSIS OF COINTEGRATION VECTORS
Johansen, S. (1988) · Journal of Economic Dynamics and Control · doi:10.1016/0165-1889(88)90041-3 · Cited by 17,027
Cited by
Song, H., Qiu, R. T. R., & Park, J. (2019) · Annals of Tourism Research · doi:10.1016/j.annals.2018.12.001 · Cited by 523
Tourism and economic growth: A review of empirical literature
del P. Pablo-Romero, M., & Molina, J. A. (2013) · Tourism Management Perspectives · doi:10.1016/j.tmp.2013.05.006 · Cited by 349
Wang, Y.-S. (2009) · Tourism Management · doi:10.1016/j.tourman.2008.04.010 · Cited by 349
Forecasting international tourist flows to Macau
Song, H., & Witt, S. F. (2006) · Tourism Management · doi:10.1016/j.tourman.2004.09.004 · Cited by 272
The Methodological Progress of Tourism Demand Forecasting: A Review of Related Literature
Goh, C., & Law, R. (2011) · Journal of Travel & Tourism Marketing · doi:10.1080/10548408.2011.562856 · Cited by 112
Metadata
- Authors
- Webber, A. G.
- Venue
- Journal of Travel Research
- Publisher
- SAGE Publications
- Published
- 2001-05
- Volume
- 39
- Issue
- 4
- Pages
- 398-405
- ISSN
- 0047-2875 (ISSN-L)
- 1552-6763
- OpenAlex
- W2102296015
- Cited by
- 190
- References
- 2
- FWCI
- 1.36
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.