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9780415991209

The Advanced Econometrics of Tourism Demand

by ;
  • ISBN13:

    9780415991209

  • ISBN10:

    041599120X

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-12-09
  • Publisher: Routledge

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Summary

Tourism demand is the foundation on which all tourism-related business decisions ultimately rest. Governments and companies such as airlines, tour operators, hotels, cruise ship lines, and recreation facility providers are interested in the demand for their products by tourists. The success of many businesses depends largely or totally on the state of tourism demand, and ultimate management failure is quite often due to the failure to meet market demand. This book introduces students, researchers and practitioners to the modern developments in advanced econometric methodology within the context of tourism demand analysis, and illustrates these developments with actual tourism applications. The concepts and computations of modern advanced econometric modelling methodologies are introduced at a level that is accessible to specialists and non-specialists alike. The methodologies introduced include general-to-specific modelling, cointegration, vector autoregression, time varying parameter modelling, paneldata analysis and the almost ideal demand system (AIDS). In order to help the reader understand the various methodologies, extensive tourism demand examples are provided throughout the volume.

Table of Contents

List of Figuresp. vii
List of Tablesp. ix
Prefacep. xi
Introduction to Tourism Demand Analysisp. 1
Recent Developments in Tourism Demand Analysisp. 13
Traditional Methodology of Tourism Demand Modellingp. 35
General-to-Specific Modellingp. 46
Cointegrationp. 70
Error Correction Modelp. 88
Vector Autoregression (VAR) and Cointegrationp. 105
Time Varying Parameter Modellingp. 138
Panel Data Analysisp. 149
Systems of Demand Equationsp. 167
Evaluation of Forecasting Performancep. 181
Notesp. 197
Referencesp. 199
Author Indexp. 213
Subject Indexp. 217
Table of Contents provided by Ingram. All Rights Reserved.

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