Demand Of Regional Tourists Visiting Lao People'S Democratic Republic: A Dynamic Panel Data Approach
Over 85% of international tourists visit to Lao PDR are regional tourists from Thailand, Vietnam and China. This study investigates the dynamic panel demand of regional tourists' fromThailand, Vietnam and China visiting Lao PDR. Tourism price, income, substitute tourism price and SARs are the factors that are included in the model. The panel dataset from the period 2000-2011 is estimated by the system Generalized Method of Moment (system GMM) estimation. The result shows that the substitute tourism price and SARs have significant negative effects on regional tourists visiting Lao PDR. Countries such as China and Thailand are complementary destinations of regional tourists visiting Lao PDR. We suggest that Lao PDR should co-operate with China and Thailand for maintaining the number of regional tourists. Moreover, Lao PDR should recognize that planning is necessary for managing the risks of unexpected natural shocks in the future.
When requesting a correction, please mention this item's handle: RePEc:srs:jemt12:2:v:4:y:2013:i:1:p:21-28. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cristina Barbu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.