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Determinants of inbound tourists in Cambodia: a dynamic panel data approach

Kiyoyasu Tanaka

No 600, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Understanding the determinants of tourism demand is crucial for the tourism sector. This paper develops a dynamic panel model to examine the determinants of inbound tourists to Siem Reap airport, Phnom Penh airport, and land and waterway borders in Cambodia. Consistent with the consumer theory of tourism consumption, a 10% increase in the origin country GDP per capita is predicted to increase the number of tourist visits to Siem Reap airport by 5.8%. A 10% increase in the real exchange rate between the origin country and Cambodia is predicted to decrease the number of tourist visits by 0.89%. In contrast, the number of foreign tourists in a previous period has little effect on the number of foreign tourists in the current period. Additionally, the determinants are different by the mode of entry to Cambodia.

Keywords: Tourism; Consumers; Tourism demand; Tourism sector; Dynamic panel model; Cambodia (search for similar items in EconPapers)
JEL-codes: C33 L83 Z32 (search for similar items in EconPapers)
Date: 2016-06-01
New Economics Papers: this item is included in nep-sea and nep-tur
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 600. 2016-06-01

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