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On the Investigation of Factors Effecting International Tourist Arrivals to Cambodian Market: A Static and Dynamic Gravity Approach

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  • Chhorn, Theara

Abstract

The paper investigates factors influencing international tourist arrivals into the Cambodian market during the period of 1995 to 2015, covered 32 cross-sectional countries by adopting a static and dynamic gravity approach with respect to fixed effects (FE) and random effects (RE) and the GMM estimator of Arellano and Bond (1991). Our analysis shows that mostly economic factors such as travel cost, GDP per capita and population size are the main sources in attracting international tourist arrivals. The country specific dummy variables are found to be associated with the respects to its significant level. The empirical results demonstrate that one and two step GMM with robust standard errors produces better outcomes and improves the estimated accuracy over a static approach.

Suggested Citation

  • Chhorn, Theara, 2017. "On the Investigation of Factors Effecting International Tourist Arrivals to Cambodian Market: A Static and Dynamic Gravity Approach," MPRA Paper 83813, University Library of Munich, Germany, revised 18 Jul 2017.
    • Handle: RePEc:pra:mprapa:83813
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Gravity Model; International Tourist Arrivals; Arellano and Bond (1991); GMM; Fixed and Random Effect; Cambodia;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • Z0 - Other Special Topics - - General
    • Z00 - Other Special Topics - - General - - - General

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