EMPIRICAL ESTIMATION OF TOURISM DEMAND MODELS: A REVIEW

Sarath Divisekera
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Sarath Divisekera: Victoria University, Australia

Chapter 3 in Handbook of Tourism Economics:Analysis, New Applications and Case Studies, 2013, pp 67-85 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe objective of this chapter is to review the issues confronting applied researchers who rely on established demand systems to analyse specific issues in relation to tourism demand. In doing so, it concentrates on associated modifications and extensions to the base models proposed and applied in the recent literature, along with related model specification and econometric issues. The modifications include incorporating structural changes, seasonality, and other exogenous events that affect tourism demand over time. Extensions include dynamic versions of the base models. Finally, issues in relation to specification and estimation of singular demand systems are reviewed. The chapter concludes with an example of the way in which economic parameters drawn from empirical models are interpreted.

Keywords: Accommodation and Tourism; China; Congestion and Tourism; Cost-Benefit Analysis of Tourism; Cruise Ship Tourism; Cultural and Heritage-Based Tourism; Demand for Touring; Economic Development and Tourism; Economic Impact Analysis of Tourism; Ecotourism; Educational Tourism; Environmental Conservation and Tourism; Ergodic Events and Tourism; Gambling and Tourism; Health and Tourism; India; Information Technology and Tourism; Infrastructure and Tourism; Inter-Industry Analysis of Tourism; International Tourism; Medical Tourism; National Parks and Tourism; Nature-Based Tourism; Pollution and Tourism; Protected Areas and Tourism; Public Finance and Tourism; Religious Tourism; Special Events and Tourism; Sustainable Tourism; Terrorism and Tourism; The Environment and Tourism; Theme Parks; Tourism; Tourism Economics; Tourism Industry; Tourism Satellite Accounts; Transport and Tourism; Travel; Travel Insurance; Vietnam (search for similar items in EconPapers)
Date: 2013
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