-off events. The nonlinear and linear Almost Ideal Demand (AID) models are estimated with monthly data to identify the price … competitiveness and interdependencies of tourism demand for competing destinations in both long run (static) and short run error … competitiveness. The empirical results show that price competitiveness is important for tourism demand for Japan, Korea and Hong Kong …

This paper reconsiders the long-run demand for M2 based on a newly constructed dataset featuring 32 countries since the … M2 demand is hardly present. Specifically, only forfive countries (Finland, Korea, Mexico, Paraguay and Taiwan …) cointegration tests produce strong evidence in favor of a stable long-run money demand. Evidence for Israel and Lebanon is weaker …