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Determinants of tourist expenditure: a review of microeconometric models

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  • Brida, Juan Gabriel
  • Scuderi, Raffaele

Abstract

This paper presents a comprehensive review of the econometric approaches for the analysis of tourism expenditure at individual level. The attempt to consider only regression models is novel in literature. The paper resumes 86 papers and 354 estimates of econometric models from data at individual level, ranging from 1977 to the early 2012. Discussion focuses on models used, dependent variables, explanatory variables by category and their effect on expenditure. The most frequently used explanatory variables were income, socio-demographic and trip-related, and were tested mainly through classical regression techniques (OLS, quantile, Tobit and two-step, logistic). Future research directions should concern the exploration of new evidence through novel methodological techniques, a more extensive use of psychographic variables and a stronger relation to economic theory.

Suggested Citation

  • Brida, Juan Gabriel & Scuderi, Raffaele, 2012. "Determinants of tourist expenditure: a review of microeconometric models," MPRA Paper 38468, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38468
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    File URL: https://mpra.ub.uni-muenchen.de/38468/1/MPRA_paper_38468.pdf
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    References listed on IDEAS

    as
    1. Hauser, John R & Urban, Glen L, 1986. " The Value Priority Hypotheses for Consumer Budget Plans," Journal of Consumer Research, Oxford University Press, vol. 12(4), pages 446-462, March.
    2. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    3. repec:eee:touman:v:31:y:2010:i:1:p:45-56 is not listed on IDEAS
    4. Mullahy, John, 1986. "Specification and testing of some modified count data models," Journal of Econometrics, Elsevier, vol. 33(3), pages 341-365, December.
    5. Cameron,A. Colin & Trivedi,Pravin K., 2008. "Microeconometrics," Cambridge Books, Cambridge University Press, number 9787111235767, April.
    6. repec:eee:touman:v:32:y:2011:i:1:p:46-52 is not listed on IDEAS
    7. Diego R. Medina-Muñoz & Rita D. Medina-Muñoz, 2012. "Determinants of Expenditures on Wellness Services: The Case of Gran Canaria," Regional Studies, Taylor & Francis Journals, vol. 46(3), pages 309-319, June.
    8. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
    9. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    10. W. M. Gorman, 1980. "A Possible Procedure for Analysing Quality Differentials in the Egg Market," Review of Economic Studies, Oxford University Press, vol. 47(5), pages 843-856.
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    Citations

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    Cited by:

    1. Alexandr Vetitnev & Nadezhda Bobina & Olga Zelenskaya, 2016. "Analysis of Tourists’ Expenditures at the 2014 Sochi Olympic Games," International Review of Management and Marketing, Econjournals, vol. 6(2), pages 227-232.
    2. Abbruzzo, Antonino & Brida, Juan Gabriel & Scuderi, Raffaele, 2014. "Determinants of individual tourist expenditure as a network: Empirical findings from Uruguay," Tourism Management, Elsevier, vol. 43(C), pages 36-45.
    3. Dora Smolčić Jurdana & Daniela Soldić Frleta, 2016. "Factors affecting the expenditure of domestic and foreign tourists - the evidence from Rijeka and Opatija, Croatia," Tourism and Hospitality Industry 31, University of Rijeka, Faculty of Tourism and Hospitality Management.
    4. Marta Disegna & Fabrizio Durante & Enrico Foscolo, 2013. "A multivariate nonlinear analysis of tourism expenditures," BEMPS - Bozen Economics & Management Paper Series BEMPS10, Faculty of Economics and Management at the Free University of Bozen.
    5. Juan Brida & Marta Disegna & Raffaele Scuderi, 2014. "The behaviour of repeat visitors to museums: review and empirical findings," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(5), pages 2817-2840, September.
    6. Anton Ovcharov, 2015. "Methodological Problems Of Statistical Study Of Regional Tourism And Tourist Expenditure," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 281-287.
    7. Brida, Juan Gabriel & Disegna, Marta & Scuderi, Raffaele, 2012. "Visitors of two types of museums: do expenditure patterns differ?," MPRA Paper 38841, University Library of Munich, Germany.
    8. Andrés Artal-Tur & Luisa Alamá-Sabater, 2017. "The Expenditure of Tourist at the level of Destinations: An application of Spatial Econometrics," Working Papers 2017/13, Economics Department, Universitat Jaume I, Castellón (Spain).
    9. Juan Brida & Pablo Daniel Monterubbianesi & Sandra Zapata-Aguirre, 2013. "Análisis de los factores que influencian el gasto de los turistas culturales: el caso de los visitantes de museos de Medellín," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO, June.
    10. Cárdenas-García Pablo Juan & Pulido-Fernández Juan Ignacio & Fernández Ana Belén Mudarra, 2015. "Direct economic impact of tourism on World Heritage Cities: An approach to measurement in emerging destinations," Czech Journal of Tourism, De Gruyter Open, vol. 3(2), pages 91-106, August.
    11. Marta Disegna & Linda Osti, 2013. "The Influence of Visitors’ Satisfaction on Expenditure Behaviour," BEMPS - Bozen Economics & Management Paper Series BEMPS14, Faculty of Economics and Management at the Free University of Bozen.
    12. Qiu, Wanling & Rudkin, Simon & Sharma, Abhijit, 2017. "An Analysis of the Impact of Low Cost Airlines on Tourist Stay Duration and Expenditures," MPRA Paper 81428, University Library of Munich, Germany.
    13. Juan Gabriel Brida & Chiara Dalle Nogare & Raffaele Scuderi, 2016. "Frequency of museum attendance: motivation matters," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(3), pages 261-283, August.
    14. Rudkin, Simon & Sharma, Abhijit, 2017. "The Impact of Football Attendance on Tourist Expenditures for the United Kingdom," MPRA Paper 81427, University Library of Munich, Germany.

    More about this item

    Keywords

    Tourist expenditure; Econometric models; Micro data; Review;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • C0 - Mathematical and Quantitative Methods - - General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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