Estimating tourist demand through cointegration analysis: Swedish data

Current Issues in Tourism

Volumn 6, Issue 4, 2003, Pages 323-339

  Khalik Salman, A ^a  

^a MID SWEDEN UNIVERSITY   (Sweden)

Author keywords

Cointegration tests; Estimating tourist demand; Significant factors

Indexed keywords

COINTEGRATION ANALYSIS; ESTIMATION METHOD; MARKET CONDITIONS; TOURISM MARKET;

EURASIA; EUROPE; NORTHERN EUROPE; SCANDINAVIA; SWEDEN;

EID: 1542377332     PISSN: 13683500     EISSN: None     Source Type: Journal    
DOI: 10.1080/13683500308667959     Document Type: Article

References (36)

1. Andersson, T. (1998) An alternative model of economics impact analysis, using dividends instead of multiplier (working paper). European Tourism Research Centre in Sweden.
2. Andersson, K. and Berg, C. (1995) The inflation target in Sweden. In A.G. Haldane (ed.) Targeting inflation. London: Bank of England.
3. Bhargava, A. (1986) On the theory of testing for unit roots in observed time series. Review of Economics Studies 53, 369-84.
4. Chang, Y. and Lai, K. (1993) A fractional cointegration analysis of purchasing power parity. Journal of Business and Economic Statistics 11, 103-12.
5. Crouch, G.I. (1994) The study of international tourism demand: A review of findings. Journal of Travel Research 44, 12-23.
6. Dickey, D.A. and Fuller, W.A. (1981) Likelihood ratio statistics for autoregression time series with unit root. Econometrica 49 (4), 1057-72.
7. Engle, R.F. and Granger, C.W.J. (1987) Cointegration and error correction: Representation, estimation and testing. Econometrica 55, 251-76.
8. Fuller, W. (1976) Introduction to Statistical Time Series. New York: John Wiley.
9. Gilbert, C.L. (1986) Practitioners corner: Professor Hendry's econometrics methodology. Oxford Bulletin of Economics and Statistics 48, 283-303.
10. Granger, C.W.J (1986) Developments in the study of cointegrated economic variables. Oxford Bulletin of Economics and Statistics 48, 213-28.
11. Granger, C.W.J and Newbold, P. (1974) Spurious regression in econometrics. Journal of Econometrics 2, 111-20.
12. Granger, C.W.J. and Weiss, A.A. (1983) Time series analysis of error correction models. In S. Karlin, T. Amemiya and L.A. Goodman (eds) Studies in Econometrics, Time Series and Multivariate Statistics (pp. 255-78). New York: Academic Press.
13. Hannan, E. and Quinn, B. (1997) The determination of the order of an auto regression. Journal of the Royal Statistical Society 41 (b), 190-5.
14. Harris, R. (1995) Cointegration Analysis in Econometric Modelling. Prentice Hall, Harvester Wheatsheaf.
15. Hendry, D.F. (1996) The theory of co-breaking (mimeo). Nuffield College, Oxford.
16. Hultkrantz, L. (1995) Dynamic price-response of inbound tourism guest nights in Sweden. Tourism Economics 1 (4), 357-74.
17. Hultkrantz, L. and Olsson, C. (1997) Chernobyl effect on domestic and inbound tourism in Sweden. Environment and Resources Economics 9, 239-58.
18. Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 59, 1551-1580.
19. Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegration with application to the demand for money. Oxford Bulletin of Economics and Statistics 52, 169-210.
20. Johnston, J. and Dinardo, J. (1997) Econometrics Methods, McGraw.
21. Jorgensen, F. (1996) Demand models for inclusive tour charter: The Norwegian case. Tourism Management 17 (1), 17-27.
22. Kevin, K.F.W. (1997) An investigation of the time series behaviour of international tourist arrivals. Tourism Economics 3, 185-99.
23. Kulendran, N. (1996) Modelling quarterly tourist flow to Australia using cointegration analysis. Tourism Economics 2 (3), 203-22.
24. Lathiras, P. and Siriopoulos, C. (1998) The demand for a tourism to Greece: A cointegration approach. Tourism Economics 171-281.
25. Loeb, P.D. (1982) International travel to the United States: An econometric evaluation. Annals of Tourism Research 9, 7-20.
26. Mayes, D. and Chapple, B. (1995) Defining an inflation target. In A.G. Haldane (ed.) Targeting Inflation. London: Bank of England.
27. Muller, D.K. (1999) German Second Owner in the Swedish Countryside. European Tourism Research Center in Sweden (ETOUR).
28. Nordström, J. (1996) Tourism satellite account for Sweden 1992-1993. Tourism Economics 2 (1).
29. Phillips, P.C.B. (1986) Understanding spurious regression in econometrics. Journal of Econometrics 33, 311-40.
30. Rose, A. (1988) Is the real interest stable. Journal of Finance 43 (5), 1095-112.
31. Smeral, E. (1988) Tourism demand, economic theory and econometics: An integrated approach. Journal of Travel Research (spring), 38-43.
32. Syriopoulos, T.C. and Sinclair, M.T. (1993) An econometric study of tourism demand: The AIDS model of US and European tourism in Mediterranean countries. Applied Economics 25.
33. Uysal, M. and Crompton, J.L. (1982) Determinants of demand for international tourist flow to Turkey. Tourism Management 12, 288-97.
34. Williams, A.M. and Shaw, G. (1991) Tourism and economic development. Western European experiences. In S.F. Witt and C.A Martin (eds) Demand Forecasting in Tourism and Recreation, Progress in Tourism and Hospitality Management. University of Surrey.
35. Witt, S.F. and Martin, C.A. (1987) Deriving a relative price index for inclusion in international tourism demand estimation models: Comment. Journal of Travel Research (Winter), 38-40.
36. Witt, S.F. and Martin, C.A. (1989) Demand Forecasting in Tourism and Recreation, Progress in Tourism and Hospitality Management. University of Surrey.