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Australian domestic tourism demand analysis using panel data static regression

Author

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  • Ghialy Yap

    (School of Accounting, Finance and Economics Faculty of Business and Law, Edith Cowan University)

Abstract

The main aim of this research is to achieve sustainability of domestic tourism businesses in Australia. This study reveals several distinct findings. First, the income elasticity for domestic visitors of friends and relatives and interstate trips is negative, implying that Australian households will not choose to travel domestically when there is an increase in household income. Second, an increase in the current prices of domestic travel can cause the demand for domestic trips to fall in the next one or two quarters ahead. Third, the coefficients for lagged dependent variables are negative, indicating perhaps, that trips are made on a periodic basis.

Suggested Citation

  • Ghialy Yap, 2010. "Australian domestic tourism demand analysis using panel data static regression," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 2(2), pages 113-127, April.
    • Handle: RePEc:uii:journl:v:2:y:2010:i:2:p:113-127
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    File URL: https://journal.uii.ac.id/JEP/article/download/2300/2098
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    File URL: https://journal.uii.ac.id/JEP/article/view/2300/2098
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    References listed on IDEAS

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    5. Arellano, Manuel, 2003. "Panel Data Econometrics," OUP Catalogue, Oxford University Press, number 9780199245291.
    6. Paresh Kumar Narayan, 2006. "Are Australia's tourism markets converging?," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1153-1162.
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    Cited by:

    1. Rindang Rayo Ranas, 2011. "Income and subtitution effect of Indonesian labour supply," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 3(1), pages 17-26, April.

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    More about this item

    Keywords

    Domestic visitors; domestic tourism; income elasticity; domestic travel;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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