IDEAS home Printed from https://ideas.repec.org/a/eee/joecas/v18y2018ic10.html
   My bibliography  Save this article

Asymmetric responses in the tourism demand function

Author

Listed:
  • Agiomirgianakis, George
  • Bertsatos, Georgios
  • Tsounis, Nicholas

Abstract

In this paper we examine the tourism demand function in Turkey in order to formulate policy suggestions that may help private agents and public authorities in designing their appropriate actions. To this purpose, we include asymmetries in our analysis and examine the role of human capital, as well as, the role of information, communication and technology (ICT) using a dynamic Generalized Method of Moments (GMM). Our findings show: (a) the existence of asymmetries and in particular that negative shocks such as a reduction in the income of visitors' countries or an increased real exchange rate variability, not only reduce tourism arrivals by more than the increase of tourism arrivals driven by equal-size positive shocks, but they also impact much earlier on tourism inflows into Turkey; (b) investment in human capital could have a large long run impact effect on Turkish tourism industry; (c) policies encouraging ICT should have a positive influence and (d) tourism marketing campaigns abroad should be directed towards Turkey's major trading partners.

Suggested Citation

  • Agiomirgianakis, George & Bertsatos, Georgios & Tsounis, Nicholas, 2018. "Asymmetric responses in the tourism demand function," The Journal of Economic Asymmetries, Elsevier, vol. 18(C), pages 1-1.
    • Handle: RePEc:eee:joecas:v:18:y:2018:i:c:10
    DOI: 10.1016/j.jeca.2018.e00103
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1703494918300082
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jeca.2018.e00103?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Heppi Millia & Pasrun Adam & Zainuddin Saenong & Muh. Yani Balaka & Yuwanda Purnamasari Pasrun & La Ode Saidi & Wali Aya Rumbia, 2020. "The Influence of Crude Oil Prices Volatility, the Internet and Exchange Rate on the Number of Foreign Tourist Arrivals in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 280-287.
    2. Georgios Giotis & Evangelia Papadionysiou, 2022. "The Role of Managerial and Technological Innovations in the Tourism Industry: A Review of the Empirical Literature," Sustainability, MDPI, vol. 14(9), pages 1-20, April.

    More about this item

    Keywords

    Ex-post forecasting; Panel co-integration; Tourism demand function; Asymmetric responses; Turkey;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joecas:v:18:y:2018:i:c:10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/the-journal-of-economic-asymmetries/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.