A long-run equilibrium demand function : tourism in Mexico
Part of : Tourismos : an international multidiciplinary journal of tourism ; Vol.3, No.1, 2008, pages 66-82
Issue:
Pages:
66-82
Section Title:
Research papers
Abstract:
Tourism demand in Mexico is around 80 percent represented by USA visitors. Thegoal of this paper is to explain the long-term effects of Tourism Demand inMexico with respect to US visitors. To reach our goal the methodology of thispaper follows the Johansen cointegration analysis and using annual time-seriesdata, a single equation is estimated. With the empirical analyze, we study thetourism demand elasticities considering public investment, relative prices oftourist products, and US income per capita. Further analysis shows only onedirection of a strongly positive Granger-causality going from number of touriststo the relative prices. We show that US income positively affects the Mexicantourism demand.
Subject:
Subject (LC):
Keywords:
tourism demand modelling, public investment on tourism, economics of tourism, Johansen Cointegration test
Notes:
Περιέχει σχήματα, πίνακες και βιβλιογραφία
