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Cited by 190

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

Webber, Anthony G.·2001·Journal of Travel Research

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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Metadata

Authors
Webber, A. G.
Venue
Journal of Travel Research
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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CoChat. (2026). Citation check: Exchange Rate Volatility and Cointegration in Tourism Demand. https://app.cochat.ai/papers/10.1177/004728750103900406
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Webber, A. G. (2001). Exchange Rate Volatility and Cointegration in Tourism Demand. Journal of Travel Research. https://doi.org/10.1177/004728750103900406

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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.