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Estimating international tourism demand for selected regions in Sweden and Norway with iterative seemingly unrelated regressions (ISUR)
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences. (ETOUR)ORCID iD: 0000-0001-5261-8169
Department of Economics and Statistics, Jönköping University, Centre of Labour Market Policy Research (CAFO), Linnaeus University, Växjö University, Sweden.
2010 (English)In: Scandinavian Journal of Hospitality and Tourism, ISSN 1502-2250, E-ISSN 1502-2269, Vol. 10, no 4, p. 395-410Article in journal (Refereed) Published
Abstract [en]

This paper estimates the demand for tourism to Sweden and Norway from five countries: Denmark, the United Kingdom, Switzerland, Japan, and the United States. For each visiting country, and for selected regions in Sweden and Norway, we specify separate equations by including relative information. We then estimate these equations using Zellner's Iterative Seemingly Unrelated Regressions (ISUR). The benefit of this model is that the ISUR estimators utilize the information present in the error correlation of the cross regressions (or equations) and hence are more efficient than single equation estimation methods such as ordinary least squares. Monthly time series data from January 1993 to December 2006 are used. The results show that the consumer price index, some lagged dependent variables, and several monthly dummies (representing seasonal effects) have a significant impact on the number of visitors to the SW6 region in Sweden and Tröndelag in Norway. We also find that, in at least some cases, relative prices and exchange rates have a significant effect on international tourism demand.

Place, publisher, year, edition, pages
2010. Vol. 10, no 4, p. 395-410
Keywords [en]
Iterative Seemingly Unrelated Regressions (ISUR); Significant factors; Tourism demand
Keywords [sv]
Turism, Turismforskning
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:miun:diva-12925DOI: 10.1080/15022250.2010.484221ISI: 000285385200001Scopus ID: 2-s2.0-78650287984OAI: oai:DiVA.org:miun-12925DiVA, id: diva2:383033
Available from: 2011-01-03 Created: 2011-01-03 Last updated: 2017-12-11Bibliographically approved

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Salman, KhalikArnesson, LeifSörensson, Anna

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CiteExportLink to record
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  • apa
  • ieee
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  • de-DE
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Output format
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