Inbound Tourism Demand Research Articles

Stability of Inbound Tourism Demand Models for Indonesia and Malaysia: The Pre-and Postformation of Tourism Development Organizations

The purpose of this study was to examine the stability of inbound tourism demand models for Indonesia and Malaysia as a function of increasing government intervention in tourism. Specifically, it investigated the differences in the estimated model parameters before and after formation of tourism development organizations at each destination. The major determinants included in the demand model were income, price, and time trend. The Wald test was applied to examine the possibility of a structural change in the tourism demand between the pre-and postorganization formation periods. The results support the hypothesis, thus important marketing implications for the tourism industries in Indonesia and Malaysia were discussed.

Modelling inbound international tourism demand to Portugal

AbstractIn this paper the Johansen cointegration analysis of time series is used to model the Portuguese inbound international tourism demand from five countries of origin—France, Germany, The Netherlands, Spain and UK. This approach examines the long‐run relationships between the demand for holiday visits and the variables that affect holiday travel such as income, destination prices and travel costs (airfares and road costs). Demand functions, for each country of origin, are estimated using annual data on tourism flows from 1975 to 1997. Copyright © 2002 John Wiley & Sons, Ltd.

Analysis of Japanese and US Tourists Demand to Korea

This study uses the cointegration and error correction approach to analyze the long-run and short-run inbound tourism demand in South Korea by two major tourist generating countries, Japan and USA. The estimated income elasticities which are 2.5 for Japanese and 3.0 for US tourists respectively in the long-run models imply that traveling to South Korea is a luxurious tourist good for them. The trade volume variable was found to be significant in all models while the return airfare was only significant in the Japanese equation. The prices/costs of tourism in Korea also playa significant role in determining the number of tourists visiting Korea from the USA, but this is not the case for Japanese tourists. In terms of the significance of substitution prices in the demand models, Malaysia and China tum out to be the most favorite substitute destinations while Singapore and Thailand are found to be complementary destinations.

Institutional Quality and Income Distribution

Institutional Quality and Income Distribution

Economic Lessons of the Kobe Earthquake

The earthquake that struck the Japanese port city of Kobe on January 17, 1995, was the most severe quake ever to strike a modern urban area. It has become the most studied, analyzed, and discussed natural disaster in history. What I propose to add to this dialogue is an economist's overview of what he saw in Kobe 19 months after the event and what he learned during the ensuing 6 months.