A Model of Demand for International Tourism

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Divisekera, Sarath (2003) A Model of Demand for International Tourism. Annals of Tourism Research, 30 (1). pp. 31-49. ISSN 0160-7383

Abstract

A demand model for international tourism based on the consumer theory of choice is developed. The model is applied to US, UK, Japan, and New Zealand demands for tourism in Australia and chosen alternative destinations. Estimated models are in conformity with the basic postulates of consumer theory, homogeneity, and symmetry. Derived elasticities reveal substantial cross-demand effects, reflecting the diversity of tourist preferences. The study has generated substantial new information on the effects and sensitivity of economic parameters on international tourism. The findings should assist in formulating broad national policy measures directed towards maintaining and enhancing relative competitiveness enjoyed by individual destinations and in developing strategic policy initiatives to maximize gains from tourism.

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Item type	Article
URI	https://vuir.vu.edu.au/id/eprint/2401
DOI	10.1016/S0160-7383(02)00029-4
Official URL	http://www.sciencedirect.com/science/article/pii/S...
Subjects	Historical > Faculty/School/Research Centre/Department > School of Economics and Finance Historical > FOR Classification > 1401 Economic Theory
Keywords	ResPubID5663, international tourism, consumer theory of choice, homogeneity, symmetry, economic parameters on international tourism
Citations in Scopus	135 - View on Scopus
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