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Estimating the Swedish and Norwegian international tourism demandusing (ISUR) technique
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences. (Khalik Salman)
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.ORCID iD: 0000-0001-5261-8169
2009 (English)Report (Other academic)
Abstract [en]

This paper estimates the demand for tourism to Sweden and Norway for five countries:

Denmark, the United Kingdom, Switzerland, Japan, and the United States. For each visiting

country, and for 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 1993:01 to 2006:12 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
Stockholm, Sweden: The Royal Institute of Technology , 2009. , p. 55
Series
CESIS Electronic Working Paper Series ; 198
Keywords [en]
Keywords: tourism demand, significant factors, Iterative Seemingly Unrelated Regressions
Identifiers
URN: urn:nbn:se:miun:diva-10577OAI: oai:DiVA.org:miun-10577DiVA, id: diva2:280055
Available from: 2010-01-10 Created: 2009-12-08 Last updated: 2011-12-20Bibliographically approved

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Salman, KhalikArnesson, LeifSörensson, Anna

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf