Outbound Business Travel Depends on Business Returns: Australian Evidence

Darrian Collins and Clement Tisdell

No 90527, Economic Theory, Applications and Issues Working Papers from University of Queensland, School of Economics

Abstract: In an earlier note, Collins and Tisdell (2002b) explored the possibility of a long-run relationship between Australian business returns and international business travel. Using annual data they found that such a relationship exists. The purpose of this study is to further examine this relationship using quarterly data for the time frame 1974:1 to 1999:4. In addition, previous studies on international business travel have offered some but not strong evidence for the existence of a positive relationship between the level of international business travel and real GDP of the origin country. This study suggests that the aggregate return on business investments is a superior predictor of international business travel than GDP. The Engle-Granger and Johansen’s maximum-likelihood cointegration procedures are used to show a long-term relationship exists between Australian outbound business travel and Australian business returns, but not with Real Australian GDP. Reasons for this relationship are discussed.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 25
Date: 2003-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

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Journal Article: Outbound Business Travel Depends on Business Returns: Australian Evidence (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqseet:90527

DOI: 10.22004/ag.econ.90527

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