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Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia
http://hdl.handle.net/2261/35799
http://hdl.handle.net/2261/357999cdf3f9f-4ab4-4d37-9de0-43e7e3fe7c70
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2013-05-31 | |||||
| タイトル | ||||||
| タイトル | Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Almost Ideal Demand (AID) model | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | tourism demand | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | price competitiveness | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | compensated prices | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | uncompensated prices | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | substitutes | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | complements | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | budget shares | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | error correction | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | monthly frequency | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL classifications: C3, C5, D12, L83. | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| アクセス権 | ||||||
| アクセス権 | metadata only access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
| 著者 |
Chang, Chia-Lin
× Chang, Chia-Lin× Khamkaew, Thanchanok× McAleer, Michael |
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| 著者所属 | ||||||
| 著者所属 | Department of Applied Economics, National Chung Hsing University, Taichung, Taiwan | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics, Chiang Mai University, Thailand | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics, Maejo University, Thailand | |||||
| 著者所属 | ||||||
| 著者所属 | Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands | |||||
| 著者所属 | ||||||
| 著者所属 | Tinbergen Institute, The Netherlands | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper analyzes the responsiveness of Thai outbound tourism to East Asian destinations, namely China, Hong Kong, Japan, Taiwan and Korea, to changes in effective relative price of tourism, total real total tourism expenditure, and one-off events. The nonlinear and linear Almost Ideal Demand (AID) models are estimated with monthly data to identify the price competitiveness and interdependencies of tourism demand for competing destinations in both long run (static) and short run error correction (dynamic) specifications. The homogeneity and symmetry restricted long run and short run AID models are estimated to calculate elasticities. The income elasticities, and the compensated and uncompensated own-price and cross-price elasticities, provide useful information for public and private tourism agents at the various destinations to maintain and improve price competitiveness. The empirical results show that price competitiveness is important for tourism demand for Japan, Korea and Hong Kong in the long run, and for Hong Kong and Taiwan in the short run. With regard to long run cross-price elasticities, the substitution effect can be found in the following pairs of destinations: China-Korea, Japan-Hong Kong, Taiwan-Hong Kong, Japan-Korea, and Taiwan-Korea. In addition to the substitution effect, the complementary effect can be found in the following pairs of destinations: China-Hong Kong, China-Japan, China- Taiwan, Japan-Taiwan, and Korea-Hong Kong. Contrary to the findings obtained from the long run AID specification, Japan-Korea and Taiwan-Korea are complements in the short run. Furthermore, the real total tourism expenditure elasticities indicate that China’s share of real total tourism expenditure is inelastic in response to a change in real total tourism expenditure, while Korea’s share of real total tourism expenditure is most sensitive to changes in expenditure in the long run. The greatest impact on the share of real total tourism expenditure in the short run is tourism demand for Taiwan. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 本文フィルはリンク先を参照のこと | |||||
| 書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-735, 発行日 2010-04 |
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| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11450569 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 335 | |||||
| 出版者 | ||||||
| 出版者 | 日本経済国際共同センター | |||||
| 出版者別名 | ||||||
| Center for International Research on the Japanese Economy | ||||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf735ab.html | |||||
