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The Demand for Tourism to Greece: A Cointegration Approach

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  • Petros Lathiras
  • Costas Siriopoulos

Abstract

Cointegration analysis in modelling tourism demand has rarely been used in previous empirical research studies. This paper attempts to answer two main questions: first, whether certain economic factors are interconnected in the long term with tourism demand, and second, whether a short-run dynamic specification of this demand exists which is statistically adequate and which has appropriate forecasting properties.

Suggested Citation

  • Petros Lathiras & Costas Siriopoulos, 1998. "The Demand for Tourism to Greece: A Cointegration Approach," Tourism Economics, , vol. 4(2), pages 171-185, June.
    • Handle: RePEc:sae:toueco:v:4:y:1998:i:2:p:171-185
    DOI: 10.1177/135481669800400204
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    Cited by:

    1. Malaj, Emi & Malaj, Visar, 2023. "Determinants of international tourism: Empirical evidence from three Mediterranean countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(2), pages 66-72.
    2. Ms. Evridiki Tsounta, 2008. "What Attracts Tourists to Paradise?," IMF Working Papers 2008/277, International Monetary Fund.
    3. Bonham, Carl & Gangnes, Byron & Zhou, Ting, 2009. "Modeling tourism: A fully identified VECM approach," International Journal of Forecasting, Elsevier, vol. 25(3), pages 531-549, July.
    4. Allison Zhou & Carl Bonham & Byron Gangnes, 2007. "Modeling the supply and demand for tourism: a fully identified VECM approach," Working Papers 200717, University of Hawaii at Manoa, Department of Economics.
    5. Tihomir Stučka, 2002. "A Comparison of Two Econometric Models (OLS and SUR) for Forecasting Croatian Tourism Arrivals," Working Papers 8, The Croatian National Bank, Croatia.
    6. Serdar Ongan & Cem Işik & Dilek Özdemir, 2017. "The Effects of Real Exchange Rates and Income on International Tourism Demand for the USA from Some European Union Countries," Economies, MDPI, vol. 5(4), pages 1-11, December.

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