Reach Us +1 850 754 6199

Journal of Tourism Research & HospitalityISSN: 2324-8807

All submissions of the EM system will be redirected to Online Manuscript Submission System. Authors are requested to submit articles directly to Online Manuscript Submission System of respective journal.

Research Article, J Tourism Res Hospitality Vol: 1 Issue: 3

Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia

Chia-Lin Chang1*, Thanchanok Khamkaew2 and Michael McAleer3
1Department of Applied Economics and Department of Finance, National Chung Hsing University, Taichung, Taiwan
2Faculty of Economics, Maejo University, Thailand
3Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam and Tinbergen Institute, The Netherlands
Corresponding author : Chia-Lin Chang
Department of Applied Economics, Department of Finance, National Chung Hsing University, Taichung 402, Taiwan,
Tel: +886 (04)22840350, ext 309; Fax: +886(04)22860255
E-mail: [email protected]
Received: July 24, 2012 Accepted: August 25, 2012 Published: August 31, 2012
Citation: Chang CL, Khamkaew T, McAleer M (2012) Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia. J Tourism Res Hospitality 1:3.10.4172/2324-8807.1000103

Abstract

Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia

This paper analyzes the responsiveness of Thai outbound tourism to East Asian destinations, namely China, Hong Kong, Japan, Taiwan and Korea, to changes in the effective relative price of tourism, total real total tourism expenditure, and one-off events. 

The nonlinear and linear Almost Ideal Demand (AID) models are estimated using monthly data to identify the price competitiveness and interdependencies of tourism demand for competing destinations in both long-run (static) and shortrun (dynamic) error correction specifications. Homogeneity and symmetry are imposed in the long-run and short-run AID models to estimate the elasticities.

 

Keywords: Tourism

Track Your Manuscript

Share This Page

Media Partners

Associations