The pull factors of tourism demand: a panel data analysis for Latin American and Carribean countries

Smiljana Pivčević (), Zvonimir Kuliš and Neven Šerić ()
Additional contact information
Smiljana Pivčević: Faculty of Economics, Department of National Economy, Split, University of Split, Croatia
Neven Šerić: Faculty of Economics, Department of National Economy, Split, University of Split, Croatia

Tourism and Hospitality Industry from University of Rijeka, Faculty of Tourism and Hospitality Management

Abstract: Tourism demand is influenced by a number of elements, commonly divided into the pull and push factors. After the discussion on tourism demand determinants, a literature review of previous studies focusing on variables and indicators used as well as results obtained is provided. Drawing on suggestions of other researchers, a model of pull factors of tourism demand divided into three categories: economic, social and tourism competitiveness factors, is proposed. Due to their high but unexploited tourism potential, Latin American and Caribbean countries (LAC) are chosen for empirical analysis. The sample includes 31 countries representative of the population. The variables included in the model are highly determined by the availability of data collected from the World Bank, UNODC, UNESCO and UNWTO for the period 1995-2012. Panel data approach using dynamic panel models and Blundell-Bond estimator is used for the analysis. It confirmed that tourism is affected by all the observed factors proving the model valid and providing basis for policy implications. Although the research topic itself is not novel in tourism research, the paper provides several novel elements: the inclusion of social and tourism supply determinants as opposed to common focus solely on economic ones; the sample of countries analyzed; the time frame of the analysis and the usage of Blundell-Bond estimator not commonly used in this kind of research.

Keywords: tourism demand; pull factors; dynamic panel data; LAC countries (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2016-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in 23rd Biennial International Congress Tourism & Hospitality Industry 2016, April 2016, pages 319-333

Downloads: (external link)
https://www.fthm.uniri.hr/files/Kongresi/THI/Paper ... ril2016_319to333.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (https://www.fthm.uniri.hr/files/Kongresi/THI/Papers/2016/THI_April2016_319to333.pdf [301 Moved Permanently]--> https://fthm.uniri.hr/files/Kongresi/THI/Papers/2016/THI_April2016_319to333.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:tho:iscthi:24

Access Statistics for this paper

More papers in Tourism and Hospitality Industry from University of Rijeka, Faculty of Tourism and Hospitality Management
Bibliographic data for series maintained by Ana Montan ( this e-mail address is bad, please contact ).