The Effects of Selected Macroeconomic Variables on Tourism Demand for the South Moravian Region of the Czech Republic from Germany, Poland, Austria, and Slovakia

Jeřábek Tomáš ()
Additional contact information
Jeřábek Tomáš: Ph.D., College of Business and Hotel Management, Department of Economy and Management, Brno, Czech Republic

Comparative Economic Research, 2019, vol. 22, issue 3, 25-43

Abstract: International tourism is one of the most important sectors of the open economy. The aim of this paper is to investigate the effects that income as gross domestic product, tourism price as the real exchange rate, and travel cost as the price of Brent crude oil have on inbound tourism demand (tourist arrivals) from Poland, Slovakia, Germany, and Austria in the South Moravian Region of the Czech Republic over the period 2002:M1–2018:M5. The number of Polish, German, Slovak and Austrian tourists accommodated in collective accommodation establishments within the South Moravian Region as a dependent variable are considered. To achieve this aim, cointegration analysis under the VECM approach is applied. The results show that Slovak, Polish, Austrian and German tourists respond positively to their income changes. Austrian and Slovak tourists respond negatively to changes in tourism prices in the Czech Republic. Tourists from Germany and Poland do not respond to changes in the Czech price level since their elasticity coefficients are non-significant. German, Austrian and Slovak tourists respond negatively to transportation cost changes. Polish tourists do not respond to transport cost changes since their elasticity coefficient is non-significant.

Keywords: tourism demand; real exchange rate; industrial production index; crude oil price; VECM; cointegration (search for similar items in EconPapers)
JEL-codes: F14 F47 Z3 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/cer-2019-0021 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:coecre:v:22:y:2019:i:3:p:25-43:n:2

DOI: 10.2478/cer-2019-0021

Access Statistics for this article

Comparative Economic Research is currently edited by Zofia Wysokińska

More articles in Comparative Economic Research from Sciendo
Bibliographic data for series maintained by Peter Golla ().