Modeling the supply and demand for tourism: a fully identified ...

Modeling the supply and demand for tourism: a fully identified ...

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  • cours - matière potentielle : knowledge of supply behavior
Modeling the supply and demand for tourism: a fully identified VECM approach Ting Zhou, Carl Bonham and Byron Gangnes Department of Economics and University of Hawaii Economic Research Organization University of Hawaii at Manoa Working Paper No. 07-17 July 20, 2007 Abstract System-based cointegration methods have become popular tools for economic analysis and forecasting. However, identification of structural relationships is often problematic. We estimate a vector error correction model of the supply and demand for Hawaii tourism using a theory-directed sequential reduction method suggested by Hall et al.
  • reliable data on hotel room prices
  • representative air fares between origin
  • consumers from origin country
  • price of tourism product
  • tourism demand
  • rank
  • hawaii
  • supply
  • tourism
  • model

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Langue English
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