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An econometric comparison of uk and german foreign holiday behaviour

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  • Stephen F. Witt

Abstract

Econometric models which explain the generation and distribution of foreign holidays undertaken by UK and German residents are constructed and estimated. These comprise the basic model, a less constrained transformation and a modified model which incorporates supply constraints and habit persistence. Both versions of the basic model are shown to exhibit a structural break across the two sets of origin data, suggesting that habit and/or supply factors are important. The empirical findings also imply that the British regard foreign holidays as luxuries whereas Germans view them as necessities.

Suggested Citation

  • Stephen F. Witt, 1980. "An econometric comparison of uk and german foreign holiday behaviour," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 1(3), pages 123-131, September.
  • Handle: RePEc:wly:mgtdec:v:1:y:1980:i:3:p:123-131
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    File URL: http://hdl.handle.net/10.1002/mde.4090010305
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    Cited by:

    1. Witt, Stephen F. & Witt, Christine A., 1995. "Forecasting tourism demand: A review of empirical research," International Journal of Forecasting, Elsevier, vol. 11(3), pages 447-475, September.

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