Incorporating a New Measure of Travel Cost for Estimating International Travel Demand

• 발행기관: 한국자료분석학회
• 저자명: Sang Young Jei
• 간행물 정보: 『Journal of The Korean Data Analysis Society (JKDAS)』Vol.14 No.4, 1793~1801쪽, 전체 9쪽
• 주제분류: 자연과학 > 통계학
• 파일형태: PDF
• 발행일자: 2012.08.30

영문 초록

Most recent studies examines the international tourism demand by differentiating holiday travel into visiting friends and relatives, and business travellers, while using a new measure of travel costs for international tourists inbound to the U.S. As a new measure of travel costs, the ‘the zonal travel cost’ approach (USDA, 2000) for the measurement of travel costs is employed. The use of the zonal travel cost is a first for international travel literature. Based on this new measurement, this article examines international tourism demand for the United States (U.S.) by classifying travel demand according to the purpose of the trip and incorporating a new measure of travel costs and its determinants. Based on the pooled generalized least squares model, we find that the new measure of travel costs improves model accuracy. Second, we find that tourism demand elasticities vary by trip purpose. The latter finding is significant, as travel for business is more inelastic than tourism.

목차

1. Introduction

2. The model and the data

3. Empirical results

4. Conclusion

References

키워드

international tourism demand zonal travel costs trip purpose pooled generalized least squares model