Testing Alternative Dynamic Systems for Modelling Tourism Demand

ARMAX modelling of international tourism demand

Modelling Conditional Correlations in International Tourism Demand

International tourism demand, or tourist arrivals, to Australia has recently experienced dramatic fluctuations due to changes in the economic, financial and political environment. However, variations in tourism demand, specifically the conditional variance, or volatility, have not previously been investigated. An analysis of such volatility is essential for investigating the effects of shocks i...

ARMAX Modelling of International Tourism Demand

One of the basic goals of tourism demand modelling is to estimate income and/or price elasticities, which can then be used in developing better informed public and private policies. The focus of econometric studies is to determine the extent to which the data support a particular theory. In reviews of empirical studies on international tourism demand and its determinants, Lim (1999, 2006) argue...

Alternative Estimates of Static and Dynamic Demand Systems for Canada

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Dynamic demand modelling and pricing decision support systems for petroleum

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