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On Tests For Long-Term Dependence: India’S International Tourism Market

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  • Chaitip, Prasert
  • Balogh, Peter
  • Kovacs, Sandor
  • Chaiboonsri, Chukiat

Abstract

There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the behavior of India’s international tourism market based on long-memory analysis. The international tourism market of India combined with nine countries: USA, UK, Canada, Germany, France, Japan, Malaysia, Australia and Sri Lanka. Moreover, three statistical tests for long memory process such as R/S test, Modified R/S test and GPH-test are employed to test in these market. The empirical findings in general provide more support for no long memory process or no long-term dependence in international tourism market of India.

Suggested Citation

  • Chaitip, Prasert & Balogh, Peter & Kovacs, Sandor & Chaiboonsri, Chukiat, 2011. "On Tests For Long-Term Dependence: India’S International Tourism Market," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 5(1-2), pages 1-6.
    • Handle: RePEc:ags:apstra:104649
    DOI: 10.22004/ag.econ.104649
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    1. Caporale, Guglielmo Maria & Gil-Alana, Luis A., 2002. "Fractional integration and mean reversion in stock prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 599-609.
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    Cited by:

    1. María Ramos, 2014. "Context fractal market price policy," Revista de Economía y Administración, Universidad Autónoma de Occidente, September.

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    More about this item

    Keywords

    Marketing;

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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