An econometric comparison of uk and german foreign holiday behaviour

Stephen F. Witt

Managerial and Decision Economics, 1980, vol. 1, issue 3, 123-131

Abstract: Econometric models which explain the generation and distribution of foreign holidays undertaken by UK and German residents are constructed and estimated. These comprise the basic model, a less constrained transformation and a modified model which incorporates supply constraints and habit persistence. Both versions of the basic model are shown to exhibit a structural break across the two sets of origin data, suggesting that habit and/or supply factors are important. The empirical findings also imply that the British regard foreign holidays as luxuries whereas Germans view them as necessities.

Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:1:y:1980:i:3:p:123-131

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