Elasticities of demand for tourism in Nigeria: An ARDL approach

Tourism Analysis

Volumn 15, Issue 4, 2010, Pages 489-496

  Bankole, Abiodun S ^a   Babatunde, M Adetunji ^a  

^a UNIVERSITY OF IBADAN   (Nigeria)

Author keywords

Bound testing; Nigeria; Tourism; Unrestricted error correction model (UECM)

Indexed keywords

EID: 84907701857     PISSN: 10835423     EISSN: 19433999     Source Type: Journal    
DOI: 10.3727/108354210X12864727453421     Document Type: Article

References (23)

1. Algieri, B. (2006). An econometric estimation of the demand for tourism: The case of Russia. Tourism Economics, 12(1), 5-20.
2. Aids, S. (1998). A compact econometric model of tourism demand for Turkey. Tourism Management, 19(1), 99-112.
3. Bankole, A. S. (2002). Services trade policy and the Nigerian tourism sector: A note on tourism contribution, constraints and opportunities. Department of Economics, University of Ibadan Staff Seminar Series. Mimeo.
4. Crouch, G. I. (1994). The study of international tourism demand: A survey of practice. Journal of Travel Research, 52(4), 41-55.
5. Engle, R., & Granger, C. (1987). Cointegration and error correction representation: Estimation and testing. Econometrica, 55, 251-276.
6. Durbarry, R., Nicolas, J. F., & Seetanah, B. (2009). The determinants of tourism demand in South Africa: Using a dynamic panel data approach. Tourism Analysis, 14, 375-385.
7. Fernandes, C, & Karnik, A. V. (2010). Estimating elasticity of demand for tourism in Dubai. Tourism Analysis, 15, 57-69.
8. Halicioglu, F. (2004). An ARDL model of international tourist flows to Turkey. Global Business and Economics Review Anthology, 614-624.
9. Han, Z., Durbarry, R., & Sinclair, M. T. (2006). Modelling US tourism demand for European destinations. Tourism Management, 27, 1-10.
10. Johansen, S. (1988). Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control, 12, 231-254.
11. Johansen, S., & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration-with appli cation to the demand for money. Oxford Bulletin of Economics and Statistics, 52, 169-210.
12. Katafono, R., & Gounder, A. (2004). Modelling Tourism Demand in Fiji. Economics Department, Reserve Bank of Fiji. Working Paper 2004/0. Retrieved from http:// www.reservebank.gov.fj/docs/2004_01_wp.pdf
13. Mervar, A., & Payne, J. E. (2007). An analysis of foreign tourism demand for Croatian destinations: Long-run elasticity estimates. Zagreb, Croatia: Ekonomski Institute.
14. Narayan, P. K. (2002). A tourism demand model for Fiji, 1970-2000. Pacific Economic Bulletin, 17(2), 103-116.
15. Phillips, P., & Hansen, B. (1990). Statistical inference in instrumental variables regression with 1(1) process. Review of Economic Studies, 57, 99-125.
16. Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, 289-326.
17. Saayman, A., & Saayman, M. (2008). Determinants of inbound tourism to South Africa. Tourism Economics, 14(1), 81-96.
18. Sahely, L. (2005). Modelling tourism demand from major international markets to the ECCU. Presented at the 26th Annual Review Seminar Research Department Central Bank of Barbados, July 26-29.
19. Song, H., Witt, S., & Jensen, T. (2003). Tourism forecasting: Accuracy of alternative econometric models. International Journal of Forecasting, 19, 123-41.
20. Tan, A. Y. F. (2000). Modeling international tourist flows to Indonesia and Malaysia. Unpublished dissertation, Kansas State University.
21. Witt, S. F., & Witt, C. A. (1995). Forecasting tourism demand: A review of empirical research. International Journal of Forecasting, 11, 447-475.
22. World Tourism Organization. (2008). Tourism highlights. Retrieved June 10, 2008, from http://www.world-tour ism.org
23. World Tourism Organization. (2009). Tourism highlights. Retrieved October 6, 2009, from http://www.work!- tourism.org