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US household tourism expenditure and the Great Recession

Author

Listed:
  • Joaquín Alegre

    (Universitat de les Illes Balears, Spain)

  • Llorenç Pou

    (Universitat de les Illes Balears, Spain)

Abstract

The Great Recession, which started in late 2007, has been the deepest, longest lasting economic recession since the 1930s. This article examines US household tourism expenditure patterns over the last business cycle. For this purpose, microdata drawn from the Consumer Expenditure Survey for the period 2005–2012 are analyzed. The availability of a survey covering such a long period enables the authors to test whether the determinants of (and their effect on) tourism spending have changed since the economic downturn. By applying a Heckman model, the article also examines the sensitivity of income elasticity estimates to the chosen income measure (current vs. permanent income).

Suggested Citation

  • Joaquín Alegre & Llorenç Pou, 2016. "US household tourism expenditure and the Great Recession," Tourism Economics, , vol. 22(3), pages 608-620, June.
    • Handle: RePEc:sae:toueco:v:22:y:2016:i:3:p:608-620
    DOI: 10.5367/te.2014.0429
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    References listed on IDEAS

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    4. Alegre, Joaquín & Mateo, Sara & Pou, Llorenç, 2013. "Tourism participation and expenditure by Spanish households: The effects of the economic crisis and unemployment," Tourism Management, Elsevier, vol. 39(C), pages 37-49.
    5. Brida, Juan Gabriel & Scuderi, Raffaele, 2012. "Determinants of tourist expenditure: a review of microeconometric models," MPRA Paper 38468, University Library of Munich, Germany.
    6. Rodolfo Hoffmann & Ana Lucia Kassouf, 2005. "Deriving conditional and unconditional marginal effects in log earnings equations estimated by Heckman's procedure," Applied Economics, Taylor & Francis Journals, vol. 37(11), pages 1303-1311.
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    Cited by:

    1. Babatunde Buraimo & Giuseppe Migali & Rob Simmons, 2022. "Impacts of the Great Recession on sport: evidence from English Football League attendance demand [US household tourism expenditure and the great recession: an analysis with the consumer expenditure," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 155-177.
    2. Helena Nemec Rudez, 2018. "The Relationship between Income and Tourism Demand: Old Findings and New Research," Academica Turistica - Tourism and Innovation Journal, University of Primorska Press, vol. 11(1), pages 67-73.
    3. Zdravko Šergo & Jasmina Gržiniæ & Mirela Suèiæ Èevra, 2017. "The tourism and travel industry and its effect on the Great Recession: A multilevel survival analysis," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 35(2), pages 427-458.
    4. Hyeongwoo Kim & Liping Gao, 2017. "Consumer Spending on Entertainment and the Great Recession," Auburn Economics Working Paper Series auwp2017-07, Department of Economics, Auburn University.
    5. David Boto-García & José Francisco Baños Pino, 2024. "The economics of second-home tourism: Are there expenditure reallocation effects from accommodation savings?," Tourism Economics, , vol. 30(4), pages 969-995, June.

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