Economic Journal of Emerging Markets
Volume 1 Issue 1, 2009

Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach

Ghialy Yap (Unknown)



Article Info

Publish Date
23 Sep 2011

Abstract

Domestic tourism in Australia generates about 74% of total tourism revenue. Given that, thispaper examines whether changes in Australian households’ income and the prices of domestictravel can influence the demand for domestic travel. It reveals some notable results. First,Australian households will not choose to travel domestically when there is an increase inhousehold income. Second, an increase in the current prices of domestic travel can cause thedemand for domestic trips to fall in the next one or two quarters ahead. Finally, the coefficientsfor lagged dependent variables are negative, indicating perhaps, that trips are madeon a periodic basis.Keywords: domestic tourism, Australia, households’ income, domestic travel

Copyrights © 2009






Journal Info

Abbrev

JEP

Publisher

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...