Transport Capital as a Determinant of Tourism Development: A Time Series Approach
Little serious research has been undertaken into the significance of transport as a factor in destination development despite being acknowledged by many writers. The paper aims at identifying and quantifying the factors that made Mauritius attractive to tourists and also to more importantly to investigate the importance transportation capital in the overall destination’s attractiveness. The novelty of this paper is that is extends a classical demand for international tourism function to include a proxy of public capital stock which has been decoupled into transport and non-transport infrastructure, and also uses co-integration analysis to model the determinants of tourism for a small island economy case. Results from the analysis show that transport capital stock of the country has been contributing positively of the number of tourist arrival in both short and long run. Tourism infrastructure is reported to be a more important ingredient than transport in the tourism equation. Non transport infrastructure, though having a positive sign, was however found to be insignificant. The study thus highlights the importance of transport capital in adding to the value of service and experience received by tourism.
|Date of creation:||24 Jul 2005|
|Date of revision:||07 Nov 2006|
|Publication status:||Published in TOURISMOS: An International Multidisciplinary Refereed Journal of Tourism 1.1(2006): pp. 55-73|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Crouch, Geoffrey I. & Ritchie, J. R. Brent, 1999. "Tourism, Competitiveness, and Societal Prosperity," Journal of Business Research, Elsevier, vol. 44(3), pages 137-152, March.
- Christine Lim & Michael McAleer, 2001. "Time Series Forecasts of International Tourism Demand for Australia," ISER Discussion Paper 0533, Institute of Social and Economic Research, Osaka University.
- Tang, John C. S. & Rochananond, Narisara, 1990. "Attractiveness as a tourist destination: A comparative study of Thailand and selected countries," Socio-Economic Planning Sciences, Elsevier, vol. 24(3), pages 229-236.
- Yair Eilat & Liran Einav, 2004. "Determinants of international tourism: a three-dimensional panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1315-1327.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Jonas Nordström, 2005.
"Dynamic and stochastic structures in tourism demand modeling,"
Springer, vol. 30(2), pages 379-392, 09.
- Nordström, Jonas, 2002. "Dynamic and Stochastic Structures in Tourism Demand Modelling," Umeå Economic Studies 596, Umeå University, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:25402. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.