Domestic and outbound tourism demand in Australia: a System-of-Equations Approach

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George Athanasopoulos; Minfeng Deng; Gang Li; Haiyan Song;
  • Subject: domestic tourism, substitution, almost ideal demand system, purchasing power parity, Australia

This study uses a system-of-equations approach to model the substitution relationship between Australian domestic and outbound tourism demand. A new price variable based on relative ratios of purchasing power parity index is developed for the substitution analysis. Shor... View more
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