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Tourism demand: a panel data approach

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  • Soheila Khoshnevis Yazdi
  • Bahman Khanalizadeh

Abstract

This paper estimates the coefficients of the determinants of international tourism demand for the period 1995–2014 in the USA using the gravity framework. The analysis is based on a panel dataset of tourist arrivals among 14 countries using autoregressive distributed lag methods. The results show real gross domestic product, consumer price index, real exchange rate and certain specific events have a significant impact on international tourism demand. The income elasticity suggests that tourism is non-luxury goods, and prices and real exchange rate have negative relation to tourist arrivals. We also find that tourism transport infrastructure is a significant determinant of tourist arrivals into USA. This implies that infrastructure to reinforce taste formation is important to attract more international tourists to USA. In addition, results also suggest implications for public and private tourism authorities.

Suggested Citation

  • Soheila Khoshnevis Yazdi & Bahman Khanalizadeh, 2017. "Tourism demand: a panel data approach," Current Issues in Tourism, Taylor & Francis Journals, vol. 20(8), pages 787-800, June.
    • Handle: RePEc:taf:rcitxx:v:20:y:2017:i:8:p:787-800
    DOI: 10.1080/13683500.2016.1170772
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    Cited by:

    1. Belucio Matheus & Fuinhas José Alberto & Vieira Carlos, 2023. "How does the economy affect a religious phenomenon? A panel approach to international pilgrimages to the Shrine of Fátima," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 13(1), pages 110-124, December.
    2. Canh Phuc Nguyen & Binh Quang Nguyen, 2023. "Does the shadow economy matter for tourism consumption? New global evidence," Empirical Economics, Springer, vol. 65(2), pages 729-773, August.
    3. Charbel Bassil & Ghialy Yap, 2024. "Can immigration moderate the adverse effects of political instability on international tourism? A case study of Australia," Tourism Economics, , vol. 30(2), pages 477-497, March.
    4. Salvatore Costantino & Maria Francesca Cracolici & J. Paul Elhorst, 2023. "A spatial origin‐destination approach for the analysis of local tourism demand in Italy," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 393-419, April.
    5. Malaj, Emi & Malaj, Visar, 2023. "Determinants of international tourism: Empirical evidence from three Mediterranean countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(2), pages 66-72.
    6. Jaume Rosselló Nadal & María Santana Gallego, 2022. "Gravity models for tourism demand modeling: Empirical review and outlook," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1358-1409, December.

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