Title

Modelling interstate tourism demand in Australia: A cointegration approach

Document Type

Other

Publisher

Elsevier

Comments

Originally published as: Allen, D., Yap, G., & Shareef, R. (2009). Modelling interstate tourism demand in Australia: A cointegration approach. Mathematics and Computers in Simulation: International Congress on Modelling and Simulation, 79(9), 2733 - 2740. Original article available here

Abstract

Interstate tourism is an important component of the domestic tourism business in Australia. However, empirical analyses of interstate tourism demand have not been previously undertaken. The motivation for this paper is to investigate the short- and long-run causal relationships between economic factors and interstate tourism demand in Australia. Using a cointegration approach, this study discovers two distinct results. First, Australian household income, accommodation prices, prices of recreation and restaurants, and domestic airfares have significant impacts on the demand in the short-run. Second, some of the long-run economic coefficients show incorrect signs, which contradict the theory of consumer demand.

DOI

10.1016/j.matcom.2008.10.006

 

Link to publisher version (DOI)

10.1016/j.matcom.2008.10.006