Modeling Caribbean Tourism Demand: An Augmented Gravity Approach
Troy Lorde,
Gang Li and
David Airey
MPRA Paper from University Library of Munich, Germany
Abstract:
This study uses a gravity framework to model tourism demand for the Caribbean. The basic model is augmented by Linder’s hypothesis—tourist flows are partly determined by the similarity in preferences between the destination and source markets—and climate distance, which measures the gap between climate conditions in origin and destination countries. The results indicate that traditional gravity variables are significant in explaining demand for the region. Habit persistence has the largest impact on demand, a result which holds promise for regional policymakers. Evidence is also unearthed that similarity in preferences between the region and its source markets, and climate distance are important demand determinants.
Keywords: Linder’s hypothesis; tourism climate distance; gravity; Caribbean (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014-05
References: View references in EconPapers View complete reference list from CitEc
Citations:
Published in Journal of Travel Research 7.55(2016): pp. 946-956
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/95476/1/MPRA_paper_95476.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/95555/1/MPRA_paper_95476.pdf revised version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95476
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().