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The demand for international tourism in the Mediterranean region

  • Andreas Papatheodorou
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    The paper studies the demand for international tourism, in the Mediterranean region. First a review of the most important attempts to model econometrically the demand for international tourism in the past is given, followed by a formal presentation of the proposed theoretical model. In particular, a version of the Almost Ideal Demand System (AIDS) is adopted and a description of the variables involved and their sources, together with the estimation procedure, are provided. The diagrammatic analysis performed contributes to a better understanding of the evolution of the dependent variable over time. The results with respect to the expenditure as well as to the own- and cross-price elasticities may be regarded as econometrically satisfactory and a reasonable economic explanation is given.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368499324066
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    Article provided by Taylor & Francis Journals in its journal Applied Economics.

    Volume (Year): 31 (1999)
    Issue (Month): 5 ()
    Pages: 619-630

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    Handle: RePEc:taf:applec:v:31:y:1999:i:5:p:619-630
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