Seasonal integration and co-integration : modelling tourism demand in Singapore.
Japan has been an important market for the Singapore tourism sector. This study seeks to develop a tourism demand model for Singapore using Japanese quarterly data sets. Tests for unit roots at various seasonal frequencies as well as the zero frequency are carried out by using Hylleberg et al. (1993...
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
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2013
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| Online Access: | http://hdl.handle.net/10356/51816 |
| _version_ | 1826122930716672000 |
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| author | Chen, Yen Yu. |
| author2 | Tan Khee Giap |
| author_facet | Tan Khee Giap Chen, Yen Yu. |
| author_sort | Chen, Yen Yu. |
| collection | NTU |
| description | Japan has been an important market for the Singapore tourism sector. This study seeks to develop a tourism demand model for Singapore using Japanese quarterly data sets. Tests for unit roots at various seasonal frequencies as well as the zero frequency are carried out by using Hylleberg et al. (1993) test procedure. The results indicate that unit roots at zero frequencies are present in all series. Unit roots at biannual cycle are found to be present in tourist arrivals, income and relative price series whereas an annual cycle root is only present in the relative exchange rate series. Using the joint test for seasonal unit roots, we conclude that the series exhibit stationary seasonal patterns which allows us to model using deterministic seasonal dummies. A unique co-integrating relation is found to be present in the model. |
| first_indexed | 2024-10-01T05:56:16Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/51816 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:56:16Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/518162023-05-19T06:16:17Z Seasonal integration and co-integration : modelling tourism demand in Singapore. Chen, Yen Yu. Tan Khee Giap Nanyang Business School Shahidur Rahman DRNTU::Business Japan has been an important market for the Singapore tourism sector. This study seeks to develop a tourism demand model for Singapore using Japanese quarterly data sets. Tests for unit roots at various seasonal frequencies as well as the zero frequency are carried out by using Hylleberg et al. (1993) test procedure. The results indicate that unit roots at zero frequencies are present in all series. Unit roots at biannual cycle are found to be present in tourist arrivals, income and relative price series whereas an annual cycle root is only present in the relative exchange rate series. Using the joint test for seasonal unit roots, we conclude that the series exhibit stationary seasonal patterns which allows us to model using deterministic seasonal dummies. A unique co-integrating relation is found to be present in the model. BUSINESS 2013-04-11T06:12:35Z 2013-04-11T06:12:35Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/51816 en Nanyang Technological University 82 p. application/pdf |
| spellingShingle | DRNTU::Business Chen, Yen Yu. Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title | Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title_full | Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title_fullStr | Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title_full_unstemmed | Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title_short | Seasonal integration and co-integration : modelling tourism demand in Singapore. |
| title_sort | seasonal integration and co integration modelling tourism demand in singapore |
| topic | DRNTU::Business |
| url | http://hdl.handle.net/10356/51816 |
| work_keys_str_mv | AT chenyenyu seasonalintegrationandcointegrationmodellingtourismdemandinsingapore |