DEMAND OF REGIONAL TOURISTS VISITING LAO PEOPLE S DEMOCRATIC REPUBLIC A DYNAMIC PANEL DATA APPROACH

Sakkarin Nonthapot and Thanet Wattanakul ()
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Thanet Wattanakul: Indo China Country International Trade and Economic Research Sector Faculty of Integrated Social Sciences KhonKaen University NongKhai Campus, Postal: TH

Journal of Advanced Research in Management, 2013, vol. 4, issue 1, 21-28

Abstract: Over 85 of international tourists visit to Lao PDR are regional tourists from Thailand Vietnam and China This study investigates the dynamic panel demand of regional tourists fromThailand Vietnam and China visiting Lao PDR Tourism price income substitute tourism price and SARs are the factors that are included in the model The panel dataset from the period 2000 2011 is estimated by the system Generalized Method of Moment system GMM estimation The result shows that the substitute tourism price and SARs have significant negative effects on regional tourists visiting Lao PDR Countries such as China and Thailand are complementary destinations of regional tourists visiting Lao PDR We suggest that Lao PDR should co operate with China and Thailand for maintaining the number of regional tourists Moreover Lao PDR should recognize that planning is necessary for managing the risks of unexpected natural shocks in the future

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jemt00:v:4:y:2013:i:1:p:21-28

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