Showing 1 - 10 of 265
In this paper it is demonstrated by simulation that, contrary to a widely held belief, pure seasonal mean shifts - i.e., seasonal structural breaks which affect only the deterministic seasonal cycle - really do matter for Dickey-Fuller long-run unit root tests.
Persistent link: https://www.econbiz.de/10005619442
seasonality in a given market, where consumers derive different utilities from the consumption of the good in different seasons … Shaked and Sutton (1982). We take into consideration that investments are possible to reduce the degree of seasonality. We … seasonality as compared to private producers. The theoretical conclusion is consistent with empirical and anecdotical evidence …
Persistent link: https://www.econbiz.de/10008526969
There are several variables used in the study of tourism demand. In this paper we propose to compare a traditional … variable (nights spent in Italy by residents) with a variable on expenditure for domestic tourism of Italian households. These …
Persistent link: https://www.econbiz.de/10011111640
We test the validity of the Dutch disease hypothesis by examining the relationship between real oil prices and real exchange rates in a sample of fourteen oil exporting countries. Autoregressive distributed lag (ARDL) bounds tests of cointegration support the existence of a stable relationship...
Persistent link: https://www.econbiz.de/10005790126
This study considers the relationship between immigration and Portuguese tourism demand for the period 1995-2008, using … a dynamic panel data approach. The findings indicate that Portuguese tourism increased significantly during the period … Portuguese tourism. …
Persistent link: https://www.econbiz.de/10009368465
Empirical studies on tourism field for Turkey have illustrated little attention in modelling properly the demand … demand side determinants of tourism, usually proxies by income and price measurements, and little attention has been given to …, in this paper, a dynamic model is used to estimate the demand function of tourism in Turkey with respect to its nine …
Persistent link: https://www.econbiz.de/10005836413
long run demand for tourism from United Kingdom and United States to Malaysia. The demand for tourism has been explained by … United States demand for tourism to Malaysia. The results show that the long run equilibrium exists among variables, and the …Tourism industry has been an important contributor to the Malaysia economy. In this paper we inspect variations in the …
Persistent link: https://www.econbiz.de/10005836672
The paper studies optimal taxation (subvention) when tourism is associated with „multiple externalities“, using a … simple dynamic model of a small open economy, which is completely specialized in the production of tourism services and … populated by a large number of intertemporally optimizing agents. Depending on the volume of tourism production, the externality …
Persistent link: https://www.econbiz.de/10005037737
The paper studies the dynamics of economic growth caused by an increase in the growth rate of tourism demand. We … long-run growth rate of the economy is tied to the growth rate in tourism demand. An increase in the latter increases thus … increase in the growth rate of tourism demand. In particular, the short-run growth rate of output rises gradually towards its …
Persistent link: https://www.econbiz.de/10005037754
The environmental quality of destination has become a tool that hotels have to hold the tourism demand. In this paper … demand and the price for tourism services increase as a result. However, the increment of the demand for best environmental … quality gets higher, and therefore, the environmental quality level of tourism services, that the destination offers …
Persistent link: https://www.econbiz.de/10008646814