Estimation of outbound Italian tourism demand: a monthly dynamic EC-LAIDS model

2.50
Hdl Handle:
http://hdl.handle.net/10547/594611
Title:
Estimation of outbound Italian tourism demand: a monthly dynamic EC-LAIDS model
Authors:
Cortés-Jiménez, Isabel; Durbarry, Ramesh; Pulina, Manuela
Abstract:
An almost ideal demand system with monthly frequency, in both long-run and dynamic forms, is used to quantify the responsiveness of Italian tourism demand to changes in relative prices, exchange rates, expenditure and unexpected one-off events in four main European destinations. Short-term elasticities, which are crucial for policies regarding own price, as well as cross prices and expenditure elasticities are derived from the dynamic model. It is also found that the dynamic model outperforms the long-run model in forecasting accuracy. This paper provides useful information for policymakers to maintain high market shares of Italian tourism demand.
Citation:
Cortés-Jiménez, I., Durbarry, R., Pulina, M. (2009) 'Estimation of outbound Italian tourism demand: a monthly dynamic EC-LAIDS model'. Tourism Economics 15 (3):547
Publisher:
IP Publishing
Journal:
Tourism Economics
Issue Date:
1-Sep-2009
URI:
http://hdl.handle.net/10547/594611
DOI:
10.5367/000000009789036594
Additional Links:
http://openurl.ingenta.com/content/xref?genre=article&issn=1354-8166&volume=15&issue=3&spage=547
Type:
Article
Language:
en
ISSN:
13548166
Appears in Collections:
INTOUR Institute for Tourism Research

Full metadata record

DC FieldValue Language
dc.contributor.authorCortés-Jiménez, Isabelen
dc.contributor.authorDurbarry, Rameshen
dc.contributor.authorPulina, Manuelaen
dc.date.accessioned2016-01-22T13:58:03Zen
dc.date.available2016-01-22T13:58:03Zen
dc.date.issued2009-09-01en
dc.identifier.citationCortés-Jiménez, I., Durbarry, R., Pulina, M. (2009) 'Estimation of outbound Italian tourism demand: a monthly dynamic EC-LAIDS model'. Tourism Economics 15 (3):547en
dc.identifier.issn13548166en
dc.identifier.doi10.5367/000000009789036594en
dc.identifier.urihttp://hdl.handle.net/10547/594611en
dc.description.abstractAn almost ideal demand system with monthly frequency, in both long-run and dynamic forms, is used to quantify the responsiveness of Italian tourism demand to changes in relative prices, exchange rates, expenditure and unexpected one-off events in four main European destinations. Short-term elasticities, which are crucial for policies regarding own price, as well as cross prices and expenditure elasticities are derived from the dynamic model. It is also found that the dynamic model outperforms the long-run model in forecasting accuracy. This paper provides useful information for policymakers to maintain high market shares of Italian tourism demand.en
dc.language.isoenen
dc.publisherIP Publishingen
dc.relation.urlhttp://openurl.ingenta.com/content/xref?genre=article&issn=1354-8166&volume=15&issue=3&spage=547en
dc.rightsArchived with thanks to Tourism Economicsen
dc.subjectalmost idealen
dc.subjectdemand system (aids)en
dc.subjecterror correctionen
dc.subjectforecastingen
dc.subjectItalian tourism demanden
dc.subjectmonthly frequencyen
dc.titleEstimation of outbound Italian tourism demand: a monthly dynamic EC-LAIDS modelen
dc.typeArticleen
dc.identifier.journalTourism Economicsen
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