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Panel analysis of internet booking of travel and holiday accommodation indicators

Author

Listed:
  • Ksenija Dumicic

    (University of Zagreb – Faculty of Economics and Business, Department of Statistics, Zagreb, Croatia)

  • Berislav Zmuk

    (University of Dubrovnik, Dubrovnik, Croatia)

  • Iris Mihajlovic

    (University of Dubrovnik, Dubrovnik, Croatia)

Abstract

In the article four development indicators have been carefully selected and their impact on the level of acceptance of the Internet booking of travel and holiday accommodation in selected European countries has been observed. The statistical panel analysis approach was used to determine the individual and the common impact of the development indicators. The analysis has shown that an individual’s wealth, the public expenditure on education, and the Internet penetration rate have a positive statistically significant impact on the level of acceptance of the Internet booking of travel and holiday accommodation whereas the share of individuals with low level Internet skills has a negative statistically significant impact. These results carry significant importance for economists, politicians and all other stakeholders responsible for tourism development in a country. The use of the unbalanced panel is the main limitation of the article.

Suggested Citation

  • Ksenija Dumicic & Berislav Zmuk & Iris Mihajlovic, 2016. "Panel analysis of internet booking of travel and holiday accommodation indicators," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 14(1), pages 23-38.
    • Handle: RePEc:zna:indecs:v:14:y:2016:i:1:p:23-38
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    File URL: http://indecs.eu/2016/indecs2016-pp23-38.pdf
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    References listed on IDEAS

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    5. Piotr Ciżkowicz & Andrzej Rzońca & Stanisław Umiński, 2013. "The determinants of regional exports in Poland -- a panel data analysis," Post-Communist Economies, Taylor & Francis Journals, vol. 25(2), pages 206-224, June.
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    Cited by:

    1. Kurnoga Nataša & Slišković Ana, 2017. "E-commerce Analysis in selected European Union Countries: Position of Croatia," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 3(2), pages 62-72, December.

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    More about this item

    Keywords

    internet booking; development indicators; European countries; fixed effect panel model; random effect panel model;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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