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An econometric comparison of uk and german foreign holiday behaviour

  • Stephen F. Witt
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    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.

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    File URL: http://hdl.handle.net/10.1002/mde.4090010305
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    Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

    Volume (Year): 1 (1980)
    Issue (Month): 3 (September)
    Pages: 123-131

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    Handle: RePEc:wly:mgtdec:v:1:y:1980:i:3:p:123-131
    Contact details of provider: Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976

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