Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach
Domestic tourism in Australia generates about 74% of total tourism revenue. Given that, this paper examines whether changes in Australian households’ income and the prices of domestic travel can influence the demand for domestic travel. It reveals some notable results. First, Australian households w...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2011-09-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2280 |
| _version_ | 1811211197602594816 |
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| author | Ghialy Yap |
| author_facet | Ghialy Yap |
| author_sort | Ghialy Yap |
| collection | DOAJ |
| description | Domestic tourism in Australia generates about 74% of total tourism revenue. Given that, this
paper examines whether changes in Australian households’ income and the prices of domestic
travel 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 in
household income. Second, an increase in the current prices of domestic travel can cause the
demand for domestic trips to fall in the next one or two quarters ahead. Finally, the coefficients
for lagged dependent variables are negative, indicating perhaps, that trips are made
on a periodic basis.
Keywords: domestic tourism, Australia, households’ income, domestic travel |
| first_indexed | 2024-04-12T05:09:48Z |
| format | Article |
| id | doaj.art-de4b0fb639e24ba9b9ee4580da86cd74 |
| institution | Directory Open Access Journal |
| issn | 2086-3128 2502-180X |
| language | English |
| last_indexed | 2024-04-12T05:09:48Z |
| publishDate | 2011-09-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Economic Journal of Emerging Markets |
| spelling | doaj.art-de4b0fb639e24ba9b9ee4580da86cd742022-12-22T03:46:48ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2011-09-0111Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data ApproachGhialy YapDomestic tourism in Australia generates about 74% of total tourism revenue. Given that, this paper examines whether changes in Australian households’ income and the prices of domestic travel 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 in household income. Second, an increase in the current prices of domestic travel can cause the demand for domestic trips to fall in the next one or two quarters ahead. Finally, the coefficients for lagged dependent variables are negative, indicating perhaps, that trips are made on a periodic basis. Keywords: domestic tourism, Australia, households’ income, domestic travelhttp://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2280 |
| spellingShingle | Ghialy Yap Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach Economic Journal of Emerging Markets |
| title | Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach |
| title_full | Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach |
| title_fullStr | Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach |
| title_full_unstemmed | Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach |
| title_short | Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach |
| title_sort | modelling domestic tourism demand in australia a dynamic panel data approach |
| url | http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2280 |
| work_keys_str_mv | AT ghialyyap modellingdomestictourismdemandinaustraliaadynamicpaneldataapproach |