IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v17y2011i5p997-1015.html
   My bibliography  Save this article

Quantile Elasticity of International Tourism Demand for South Korea Using the Quantile Autoregressive Distributed Lag Model

Author

Listed:
  • Haiqi Li

    (College of Finance and Statistics, Hunan University, Changsha, 410079 Hunan, PR China and Wang Yanan Institute for Studies in Economics, Xiamen University, PR China)

  • Sung Yong Park

    (Department of Economics, The Chinese University of Hong Kong, Shatin, NT, Hong Kong)

  • Joo Hwan Seo

    (Department of Marketing, George Washington University, Washington, DC, USA)

Abstract

Using the quantile autoregressive model, this paper investigates international inbound tourism demand for South Korea and its determinants. In contrast to previous studies which have dealt with the conditional mean only, the authors examine the effects of covariates at various conditional quantile levels. US and Japanese tourism demand are considered for inbound tourism demand. For US tourism demand, the costs of living in Korea and competing destinations have moderately significant negative effects at very high and low quantiles only, while income does not have any significant effect on tourism demand. On the other hand, for Japanese tourism demand, income has significant positive effects at lower quantiles, and living costs in Korea and competing destinations have significant negative effects at higher quantiles. These results address the heterogeneity in tourism demand analysis.

Suggested Citation

  • Haiqi Li & Sung Yong Park & Joo Hwan Seo, 2011. "Quantile Elasticity of International Tourism Demand for South Korea Using the Quantile Autoregressive Distributed Lag Model," Tourism Economics, , vol. 17(5), pages 997-1015, October.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:5:p:997-1015
    DOI: 10.5367/te.2011.0083
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/te.2011.0083
    Download Restriction: no
    File URL: https://libkey.io/10.5367/te.2011.0083?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
    ---><---

    References listed on IDEAS

    as
    1. Fitzenberger, Bernd, 1998. "The moving blocks bootstrap and robust inference for linear least squares and quantile regressions," Journal of Econometrics, Elsevier, vol. 82(2), pages 235-287, February.
    2. Christine Lim & Michael McAleer, 2001. "Cointegration analysis of quarterly tourism demand by Hong Kong and Singapore for Australia," Applied Economics, Taylor & Francis Journals, vol. 33(12), pages 1599-1619.
    3. Koul, H. L. & Mukherjee, K., 1994. "Regression Quantiles and Related Processes Under Long Range Dependent Errors," Journal of Multivariate Analysis, Elsevier, vol. 51(2), pages 318-337, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Bernd Süssmuth & Ulrich Woitek, 2013. "Estimating Dynamic Asymmetries in Demand at the Munich Oktoberfest," Tourism Economics, , vol. 19(3), pages 653-674, June.
    2. Jian-Wu Bi & Tian-Yu Han & Yanbo Yao, 2024. "Collaborative forecasting of tourism demand for multiple tourist attractions with spatial dependence: A combined deep learning model," Tourism Economics, , vol. 30(2), pages 361-388, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:wyi:journl:002126 is not listed on IDEAS
    2. Lili Sun & G. Cornelis Van Kooten & Graham M. Voss, 2005. "Demand for Wildlife Hunting in British Columbia," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(1), pages 25-46, March.
    3. E. M. Ekanayake & Mihalis Halkides & John R. Ledgerwood, 2012. "Inbound International Tourism To The United States: A Panel Data Analysis," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 5(3), pages 15-27.
    4. Parente, Paulo M.D.C. & Smith, Richard J., 2011. "Gel Methods For Nonsmooth Moment Indicators," Econometric Theory, Cambridge University Press, vol. 27(1), pages 74-113, February.
    5. Antonio F. Galvao & Thomas Parker & Zhijie Xiao, 2024. "Bootstrap Inference for Panel Data Quantile Regression," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 42(2), pages 628-639, April.
    6. Komunjer, Ivana, 2005. "Quasi-maximum likelihood estimation for conditional quantiles," Journal of Econometrics, Elsevier, vol. 128(1), pages 137-164, September.
    7. Paresh Kumar Narayan, 2011. "Are shocks to tourism transitory at business cycle horizons?," Applied Economics, Taylor & Francis Journals, vol. 43(16), pages 2071-2077.
    8. Martin Hrba & Matúš Maciak & Barbora Peštová & Michal Pešta, 2022. "Bootstrapping Not Independent and Not Identically Distributed Data," Mathematics, MDPI, vol. 10(24), pages 1-26, December.
    9. Seetaram, Neelu, 2010. "Computing airfare elasticities or opening Pandora's box," Research in Transportation Economics, Elsevier, vol. 26(1), pages 27-36.
    10. Ivana Komunjer, 2007. "Asymmetric power distribution: Theory and applications to risk measurement," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(5), pages 891-921.
    11. Paresh Kumar Narayan, 2006. "Are Australia's tourism markets converging?," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1153-1162.
    12. aus dem Moore, Jan Peter & Spitz-Oener, Alexandra, 2012. "Bye bye, GI: The impact of the US military drawdown on local German labor markets," SFB 649 Discussion Papers 2012-024, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    13. Peter Egger & Christian Keuschnigg & Valeria Merlo & Georg Wamser, 2014. "Corporate Taxes and Internal Borrowing within Multinational Firms," American Economic Journal: Economic Policy, American Economic Association, vol. 6(2), pages 54-93, May.
    14. Firmin Doko Tchatoka & Qazi Haque, 2023. "On bootstrapping tests of equal forecast accuracy for nested models," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(7), pages 1844-1864, November.
    15. Bravo, Francesco & Crudu, Federico, 2012. "Efficient bootstrap with weakly dependent processes," Computational Statistics & Data Analysis, Elsevier, vol. 56(11), pages 3444-3458.
    16. Lee, Tae-Hwy & Yang, Yang, 2006. "Bagging binary and quantile predictors for time series," Journal of Econometrics, Elsevier, vol. 135(1-2), pages 465-497.
    17. Gonçalves, Sílvia & White, Halbert, 2002. "The Bootstrap Of The Mean For Dependent Heterogeneous Arrays," Econometric Theory, Cambridge University Press, vol. 18(6), pages 1367-1384, December.
    18. Thiess Büttner, 1999. "Determinants of Tax Rates in Local Capital Income Taxation: A Theoretical Model and Evidence from Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 56(3/4), pages 363-363, July.
    19. Muhammad Shafiullah & Luke Emeka Okafor & Usman Khalid, 2019. "Determinants of international tourism demand: Evidence from Australian states and territories," Tourism Economics, , vol. 25(2), pages 274-296, March.
    20. He, Fengyang & Wang, Huixia Judy & Zhou, Yuejin, 2022. "Extremal quantile autoregression for heavy-tailed time series," Computational Statistics & Data Analysis, Elsevier, vol. 176(C).
    21. Goncalves, Silvia & White, Halbert, 2004. "Maximum likelihood and the bootstrap for nonlinear dynamic models," Journal of Econometrics, Elsevier, vol. 119(1), pages 199-219, March.

    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:sae:toueco:v:17:y:2011:i:5:p:997-1015. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: .

    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.