In recent years, due to the Indian Federal Government's and Tamil Nadu State Government's various initiatives and promotional activities, foreign and domestic tourist arrivals in Tamil Nadu are on the increase. This article aims to model the monthly tourist arrivals (foreign as well as domestic)...

This article investigates a number of empirical regularities in the South African consumption patterns. The data support the following empirical regularities: (1) variability in consumption systematically exceeds the variability in prices; (2) law of demand; (3) income flexibility is about -0.5;...

There are three major approaches used to estimate index numbers. The first is Fisher's test approach whereby indexes are judged on their ability to satisfy certain criteria. The economic theory of index numbers is the second approach and this deals with their foundations in utility theory. The...

This paper investigates the question of additive structure of the utility function using the data for nine broad commodity groups from 45 countries. Further evidence is presented in support of the preference independent utility structure.

Until recently the Economic Research Centre (ERC) panel at the University of Western Australia published forecasts of future gold prices in The West Australian newspaper. This note assesses the accuracy of these forecasts. The results show that the actual gold price series follows a simple...

This paper investigates the substitution/complementarity relationship among the demands for private transport, public transport and communication in the United Kingdom and Australia for the period 1960-1986. We use the Rotterdam Demand System for the analysis. The results identify major...

Stochastic approach has received renewed attention in recent years (e.g. Clements and Izan, and Selvanathan and Rao). However, there was some criticism about the form of the error variance used in the new stochastic approach (see work by Diewert). In a recent paper in Applied Economics Letters,...