Interrelationships among Korean Outbound Tourism Demand: Granger Causality Analysis

Joo Hwan Seo, Sung Y. Park and Soyoung Boo
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Joo Hwan Seo: Department of Marketing, School of Business, George Washington University, Funger Hall, Suite 301, 2201 G Street, NW, Washington, DC 20052, USA
Soyoung Boo: Department of Tourism and Hospitality Management, School of Business, George Washington University, Funger Hall, Suite 301, 2201 G Street, NW, Washington, DC 20052, USA

Tourism Economics, 2010, vol. 16, issue 3, 597-610

Abstract: This study investigates Korean outbound tourism demand and its determinants using the Granger causality (GC) analysis. In contrast to previous studies, which deal only with internal factors such as exchange rate and income, this study examines the effects of interactions among countries and, therefore, produces more complete and relevant results. Korean outbound tourism to the USA is causally related to Korean outbound tourism to the other six countries in the study. These results can be used in tourism marketing and strategic planning by industry and government to allocate tourism resources more efficiently.

Keywords: outbound tourism demand; causality relationship; vector autoregressive model; Korea (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:16:y:2010:i:3:p:597-610

DOI: 10.5367/000000010792278400

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