Determinants of Individual Tourist Expenditure as a Network: Empirical Findings from Uruguay
AbstractPast literature investigating the determinants of tourist expenditure have made a wide use of econometric models to assess conditional relationships of a set of regressors in predicting individual spending. However such techniques provide little or no information about the relationships within the total set of regressors as determinants of such expenditure. This paper applies graphical models to investigate the links that occur within a set of variables derived from an official survey of Uruguayan statistics of visitor expenditures. Symmetric conditional dependence structures within socio-demographic and trip-related variables are first investigated. Then a chain graph assessment of asymmetric conditional dependencies of these two categories of variables is used to explain individual expenditure items. The output is displayed through graphs that allow for an easy interpretation of the data. The results highlight the marginal role of socio-demographic variables and the direct importance of accommodation type and destination as determinants of tourist expenditure.
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Bibliographic InfoPaper provided by School of Economics and Management at the Free University of Bozen in its series BEMPS - Bozen Economics & Management Paper Series with number BEMPS09.
Length: 13 pages
Date of creation: Jun 2013
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More information through EDIRC
tourist expenditure; graphical model; chain graph; log-linear graphical model;
Find related papers by JEL classification:
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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- Brida, Juan Gabriel & Pereira, Juan Sebastián & Scuderi, Raffaele, 2012. "Repeat tourism in Uruguay: modelling truncated distributions of count data," MPRA Paper 37140, University Library of Munich, Germany.
- Brida, Juan Gabriel & Scuderi, Raffaele, 2012. "Determinants of tourist expenditure: a review of microeconometric models," MPRA Paper 38468, University Library of Munich, Germany.
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