TY - JOUR
T1 - Modelling substitution between domestic and outbound tourism in Australia: A system-of-equations approach
AU - Athanasopoulos, George
AU - Deng, Minfeng
AU - Li, Gang
AU - Song, Haiyan
PY - 2014
Y1 - 2014
N2 - This study uses a system-of-equations approach to model the substitution relationship between Australian domestic and outbound tourism demand. A new price variable based on relative ratios of purchasing power parity index is developed for the substitution analysis. Short-run demand elasticities are calculated based on the estimated error correction almost ideal demand systems. The empirical results reveal significant substitution relationships between Australian domestic tourism and outbound travel to Asia, the UK and the US. This study provides scientific support for necessary policy considerations to promote domestic tourism further.
AB - This study uses a system-of-equations approach to model the substitution relationship between Australian domestic and outbound tourism demand. A new price variable based on relative ratios of purchasing power parity index is developed for the substitution analysis. Short-run demand elasticities are calculated based on the estimated error correction almost ideal demand systems. The empirical results reveal significant substitution relationships between Australian domestic tourism and outbound travel to Asia, the UK and the US. This study provides scientific support for necessary policy considerations to promote domestic tourism further.
UR - https://www.scopus.com/pages/publications/84899787062
U2 - 10.1016/j.tourman.2014.03.018
DO - 10.1016/j.tourman.2014.03.018
M3 - Article
SN - 0261-5177
VL - 45
SP - 159
EP - 170
JO - Tourism Management
JF - Tourism Management
ER -