On Tests For Long-Term Dependence: Indiaâ€™S International Tourism Market
There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the behavior of Indiaâ€™s international tourism market based on long-memory analysis. The international tourism market of India combined with nine countries: USA, UK, Canada, Germany, France, Japan, Malaysia, Australia and Sri Lanka. Moreover, three statistical tests for long memory process such as R/S test, Modified R/S test and GPH-test are employed to test in these market. The empirical findings in general provide more support for no long memory process or no long-term dependence in international tourism market of India.
Volume (Year): 05 (2011)
Issue (Month): ()
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