Economic Journal of Emerging Markets
Volume 2 Issue 2, 2010

AUSTRALIAN DOMESTIC TOURISM DEMAND ANALYSIS USING PANEL DATA STATIC REGRESSION

Ghialy Yap (Unknown)



Article Info

Publish Date
30 Sep 2011

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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Journal Info

Abbrev

JEP

Publisher

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...