COINTEGRATION ANALYSIS OF TOURISM DEMAND FOR TURKEY
Applied Econometrics and International Development, 2010, vol. 10, issue 1
This paper estimates the tourism demand model for Turkey from 14 countries: Austria, Belgium, Bulgaria, Denmark, France, Germany, Greece, Holland, Italy, Russia, Sweden, Switzerland, the United Kingdom and the United States. Different approaches were used to find cointegration in the considered model for the period from 1996 to 2000 on a monthly basis. From our results we found evidence at the high significance level of a long-run cointegration relationship among the variables. We found that income plays a more important role in the holiday-making decisions of tourists than the relative prices of the holiday destination. Inclusion in the model substitution destination decreased the degree of significance of relative Turkish prices in the demand model.
Keywords: tourism demand; elasticity; cointegration; vector error correction. (search for similar items in EconPapers)
JEL-codes: C32 C52 F14 F41 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Access restricted to subscribers. Free on line subscription for universities from low income countries. More information at http://www.usc.es/economet/info.htm
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eaa:aeinde:v:10:y:2010:i:1_6
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development
Series data maintained by M. Carmen Guisan ().