Domestic and outbound tourism demand in Australia: a System-of-Equations Approach
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
Allen, D., Yap, G., &Shareef, R. (2009). Modelling interstate tourism demand in Australia: A cointegration analysis. Mathematics and Computers in Simulation, 79(9), 2733- 2740.
Anderson, G., & R. Blundell (1983).Testing restrictions in a flexible dynamic demand system: An application to consumers' expenditure in Canada. Review of Economic Studies, 50, 397- 410.
Ashworth, J., & Bergsma, J. R. (1987). New policies for tourism: Opportunities or problems? Tijdschriftvoor Economische en Sociale Geografie, 78(2), 151-152.
Ashworth, J., & Johnson, P. (1990). Holiday tourism expenditure: Some preliminary econometric results. Tourism Review, (3), 12-19.
Buse, A., & Chan, W. H. (2000). Invariance, price indices and estimation in almost ideal demand systems.Empirical Economics,25(3), 519-39.
Chambers, M. J., & Nowman, K. B. (1997). Forecasting with the almost ideal demand system: Evidence from some alternative dynamic specifications. Applied Economics, 29, 935-43.
Commonwealth of Australia (2009). National Long-Term Tourism Strategy. Department of Resources, Energy and Tourism, Australian Government. Retrived August 14, 2012, from http://www.ret.gov.au/tourism/Documents/DRET%20Tourism%20Strategy.pdf.
Cortés-Jiménez, I., Durbarry, R., &Pulina, M. (2009). Estimation of out bound Italian tourism demand: A monthly dynamic EC-LAIDS model. Tourism Economics, 15, 547-565.
Crouch, G. I., & Ritchie, J. R. B. (1999). Tourism, competitiveness, and societal prosperity.