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Ghialy Yap
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Economics, Econometrics & Finance

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Modelling Domestic Tourism Demand in Australia A Dynamic Panel Data Approach Ghialy Yap
Economic Journal of Emerging Markets Volume 1 Issue 1, 2009
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v1i1.2280

Abstract

Domestic tourism in Australia generates about 74% of total tourism revenue. Given that, thispaper examines whether changes in Australian households’ income and the prices of domestictravel can influence the demand for domestic travel. It reveals some notable results. First,Australian households will not choose to travel domestically when there is an increase inhousehold income. Second, an increase in the current prices of domestic travel can cause thedemand for domestic trips to fall in the next one or two quarters ahead. Finally, the coefficientsfor lagged dependent variables are negative, indicating perhaps, that trips are madeon a periodic basis.Keywords: domestic tourism, Australia, households’ income, domestic travel
AUSTRALIAN DOMESTIC TOURISM DEMAND ANALYSIS USING PANEL DATA STATIC REGRESSION Ghialy Yap
Economic Journal of Emerging Markets Volume 2 Issue 2, 2010
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v2i2.2300

Abstract

The main aim of this research is to achieve sustainability of domestic tourism businesses in Australia. This study reveals several distinct findings. First, the income elasticity for domestic visitors of friends and relatives and interstate trips is negative, implying that Australian households will not choose to travel domestically when there is an increase in household income. Second, an increase in the current prices of domestic travel can cause the demand for domestic trips to fall in the next one or two quarters ahead. Third, the coefficients for lagged dependent variables are negative, indicating perhaps, that trips are made on a periodic basis.Keywords: Domestic visitors, domestic tourism, income elasticity, domestic travel JEL classification numbers: L83
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