period of 20 years, income and currency elasticity were estimated for German and Swedish camping tourists by using a natural … number of overnight stays, but the impact was rather small. The income elasticity for Swedish visitors was significant with a … associated with more visitors from Germany, but the estimated exchange rate elasticity was below 1.0 (and significant). A …

frequencies and numerical simulations illustrate this point. In addition, this estimation methodology shows that the elasticity of … frequency data generate better estimates of output- employment elasticity while high frequency data generate better estimates of … output-average hours elasticity. This result comes from the fact that time aggregation increases (decreases) the bias in the …