Measuring the Effect of Revealed Cultural Preferences on Tourism Exports

Sylvain Petit () and Neelu Seetaram ()
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Neelu Seetaram: University of Huddersfield

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Abstract: The aim of this article is to propose a novel method for measuring the effect of cultural preference on bilateral tourism receipts. The method applied is inspired from Disdier et al. (2010). Using the UNESCO classification and data on bilateral trade in cultural product, a proxy for cultural preferences is constructed. The variable is used in a gravity model for tourism export, which is estimated using a two-step procedure to avoid issues related to endogeneity. The data set used is a panel of 12 OECD countries for a period of 11 years. The variable for cultural preferences eliminates the problems with traditional methods, which by using dummy variables to account for cultural preferences, assume that the latter are time-invariant and symmetrical. The cultural variable constructed is found to be significant in explaining bilateral tourism exports with an elasticity of 0.39.

Keywords: Gravity model; Cultural preferences; Bilateral tourism trade; Two steps estimation (search for similar items in EconPapers)
Date: 2018-11-15
Note: View the original document on HAL open archive server: https://hal.science/hal-02133249
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Citations: View citations in EconPapers (7)

Published in Journal of Travel Research, 2018, ⟨10.1177/0047287518807582⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02133249

DOI: 10.1177/0047287518807582

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