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Outbound Business Travel Depends on Business Returns: Australian Evidence


  • Collins, Darrian
  • Tisdell, Clement A.


In an earlier note, Collins and Tisdell (2002b) explored the possibility of a long-run relationship between Australian business returns and international business travel. Using annual data they found that such a relationship exists. The purpose of this study is to further examine this relationship using quarterly data for the time frame 1974:1 to 1999:4. In addition, previous studies on international business travel have offered some but not strong evidence for the existence of a positive relationship between the level of international business travel and real GDP of the origin country. This study suggests that the aggregate return on business investments is a superior predictor of international business travel than GDP. The Engle-Granger and Johansen’s maximum-likelihood cointegration procedures are used to show a long-term relationship exists between Australian outbound business travel and Australian business returns, but not with Real Australian GDP. Reasons for this relationship are discussed.

Suggested Citation

  • Collins, Darrian & Tisdell, Clement A., 2003. "Outbound Business Travel Depends on Business Returns: Australian Evidence," Economic Theory, Applications and Issues Working Papers 90527, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqseet:90527

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    References listed on IDEAS

    1. Tisdell, Clement A. & Alauddin, Mohammad, 2002. "Market-Oriented Reforms in Bangladesh and their Impact on Poverty?," Economic Theory, Applications and Issues Working Papers 90521, University of Queensland, School of Economics.
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    1. repec:eee:touman:v:31:y:2010:i:3:p:367-377 is not listed on IDEAS
    2. repec:eee:touman:v:56:y:2016:i:c:p:1-7 is not listed on IDEAS
    3. Andraz, Jorge M. & Rodrigues, Paulo M.M., 2016. "Monitoring tourism flows and destination management: Empirical evidence for Portugal," Tourism Management, Elsevier, vol. 56(C), pages 1-7.


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