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Modelling distribution of aggregate expenditure on tourism

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  • Gómez–Déniz, E.
  • Pérez–Rodríguez, J.V.

Abstract

The aim of this article is to obtain a statistical distribution that describes the aggregate expenditure of tourists related to their length of stay at a given location. This distribution enables us to estimate two parameters simultaneously; one controls the length of stay and the other, the expense incurred. We propose two distribution models, for which closed-form expressions are obtained. Covariates are introduced in order to study the factors that affect the aggregate expenditure. The results obtained indicate that the models achieve a reasonably good fit, with and without covariates.

Suggested Citation

  • Gómez–Déniz, E. & Pérez–Rodríguez, J.V., 2019. "Modelling distribution of aggregate expenditure on tourism," Economic Modelling, Elsevier, vol. 78(C), pages 293-308.
    • Handle: RePEc:eee:ecmode:v:78:y:2019:i:c:p:293-308
    DOI: 10.1016/j.econmod.2018.09.027
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