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Interrelationships among Korean Outbound Tourism Demand: Granger Causality Analysis

Author

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  • Joo Hwan Seo

    (Department of Marketing, School of Business, George Washington University, Funger Hall, Suite 301, 2201 G Street, NW, Washington, DC 20052, USA)

  • Sung Yong Park

    (Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen, Fujian 361005, China)

  • Soyoung Boo

    (Department of Tourism and Hospitality Management, School of Business, George Washington University, Funger Hall, Suite 301, 2201 G Street, NW, Washington, DC 20052, USA)

Abstract

This study investigates Korean outbound tourism demand and its determinants using the Granger causality (GC) analysis. In contrast to previous studies, which deal only with internal factors such as exchange rate and income, this study examines the effects of interactions among countries and, therefore, produces more complete and relevant results. Korean outbound tourism to the USA is causally related to Korean outbound tourism to the other six countries in the study. These results can be used in tourism marketing and strategic planning by industry and government to allocate tourism resources more efficiently.

Suggested Citation

  • Joo Hwan Seo & Sung Yong Park & Soyoung Boo, 2010. "Interrelationships among Korean Outbound Tourism Demand: Granger Causality Analysis," Tourism Economics, , vol. 16(3), pages 597-610, September.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:3:p:597-610
    DOI: 10.5367/000000010792278400
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    References listed on IDEAS

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    Cited by:

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    6. Mehmet Balcilar & Sahar Aghazadeh & George N Ike, 2021. "Modelling the employment, income and price elasticities of outbound tourism demand in OECD countries," Tourism Economics, , vol. 27(5), pages 971-990, August.

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