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Author Song, Haiyan.
Title The advanced econometrics of tourism demand / Haiyan Song, Stephen F. Witt, and Gang Li.
Imprint New York : Routledge, 2009.


 Internet  Electronic Book    AVAILABLE
Description 1 online resource (xii, 221 pages) : illustrations
Series Routledge advances in tourism ; 13
Routledge advances in tourism ; 13.
Bibliog. Includes bibliographical references (pages 199-211) and indexes.
Note Available only to authorized UTEP users.
Print version record.
Subject Tourism -- Econometric models.
Tourism -- Forecasting.
Contents 1. Introduction to tourism demand analysis -- 2. Recent develpments in tourism demand analysis -- 3. Traditional methodology of tourism demand modelling -- 4. General-to-specific modelling -- 5. Cointegration -- 6. Error correction model -- 7. Vector autoregression (VAR) and cointegration -- 8. Time varying parameter modelling -- 9. Panel data analysis -- 10. Systems of demand equations -- 11. Evaluation of forecasting performance.
Summary "Tourism demand is the foundation on which all tourism-related business decisions ultimately rest. Governments and companies such as airlines, tour operators, hotels, cruise ship lines, and recreation facility providers are interested in the demand for their products by tourists. The success of many businesses depends largely or totally on the state of tourism demand, and ultimate management failure is quite often due to the failure to meet market demand. This book introduces students, researchers and practitioners to the modern developments in advanced econometric methodology within the context of tourism demand analysis, and illustrates these developments with actual tourism applications. The concepts and computations of modern advanced econometric modelling methodologies are introduced at a level that is accessible to specialists and non-specialists alike. The methodologies introduced include general-to-specific modelling, cointegration, vector autoregression, time varying parameter modelling, panel data analysis and the almost ideal demand system (AIDS). In order to help the reader understand the various methodologies, extensive tourism demand examples are provided throughout the volume."--Publisher's description.
Other Author Witt, Stephen F.
Li, Gang, 1975-
Other Title Print version: Song, Haiyan. Advanced econometrics of tourism demand. New York : Routledge, 2009 9780415991209 041599120X