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An Econometric Analysis Of The Demand For Tourism In Mexico, Un Analisis Econometrico De La Demanda De Turismo En Mexico

Author

Listed:
  • Martha Ofelia Lobo Rodriguez
  • Carlos Alberto Flores Sanchez
  • Duniesky Feito Madrigal
  • Jorge Quiroz Felix

Abstract

This paper aims to determine the factors affecting tourism demand of Mexico in the US market. The econometric results show the main factor affecting the demand for tourism in Mexico is the prices of the destinations countries. Similarly, it was found that the variable tourism demand of residents of the United States to Mexico have significant common cycle with variable relative wealth. This explains that in the short term wealth of Americans is a determining factor in the demand for tourism to Mexico.

Suggested Citation

  • Martha Ofelia Lobo Rodriguez & Carlos Alberto Flores Sanchez & Duniesky Feito Madrigal & Jorge Quiroz Felix, 2016. "An Econometric Analysis Of The Demand For Tourism In Mexico, Un Analisis Econometrico De La Demanda De Turismo En Mexico," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(3), pages 61-70.
    • Handle: RePEc:ibf:riafin:v:9:y:2016:i:3:p:61-70
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    References listed on IDEAS

    as
    1. Vahid, F & Engle, Robert F, 1993. "Common Trends and Common Cycles," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(4), pages 341-360, Oct.-Dec..
    2. Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-1580, November.
    3. Harvey, David I. & Leybourne, Stephen J. & Taylor, A.M. Robert, 2013. "Testing for unit roots in the possible presence of multiple trend breaks using minimum Dickey–Fuller statistics," Journal of Econometrics, Elsevier, vol. 177(2), pages 265-284.
    4. Rugg, Donald, 1973. "The Choice of Journey Destination: A Theoretical and Empirical Analysis," The Review of Economics and Statistics, MIT Press, vol. 55(1), pages 64-72, February.
    5. Vasilios Patsouratis & Zoe Frangouli & George Anastasopoulos, 2005. "Competition in tourism among the Mediterranean countries," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1865-1870.
    6. Engle, Robert F. & Issler, João Victor, 1993. "Common trends and common cycles in Latin America," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 47(2), April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Tourism Demand; Relative Wealth; Common Cycle;
    All these keywords.

    JEL classification:

    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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