2019
Selected determinants of tourism demand - panel cointegration analysis
JEŘÁBEK, TomášBasic information
Original name
Selected determinants of tourism demand - panel cointegration analysis
Authors
JEŘÁBEK, Tomáš (203 Czech Republic, guarantor, belonging to the institution)
Edition
Scientific papers of the University of Pardubice. Series D. Pardubice, 2019, 1211-555X
Other information
Language
English
Type of outcome
Article in a journal
Field of Study
50200 5.2 Economics and Business
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
References:
Organization unit
AMBIS University
EID Scopus
2-s2.0-85073817481
Keywords in English
Tourism Demand; Panel Cointegration Analysis; Real Exchange Rate; Gross Domestic Product; Trade Openness; International Outbound Tourists
Tags
Tags
Reviewed
Changed: 12/4/2023 23:29, Bc. Olga Puldová
Abstract
In the original language
The aim of the paper is to investigate the effect of income of tourists, tourism price, trade openness and international outbound tourists in tourism origin countries on the tourism demand to the Czech Republic as well as to South Moravia Tourist Region of the Czech Republic from tourists coming from thirteen different countries is analysed. This paper applies panel co-integration analysis through a common correlation effect model (CCE). According to the obtained estimation results, income and trade openness have a significant positive influence on international arrivals to the Czech Republic, while for tourism price the results indicate that it has a negative influence on inflows, as expected. The effect of international outbound tourists on tourism demand in the Czech Republic is negative, against expectations, but it is not statistically significant. For tourism demand in the SMT region, income has a significant positive influence on international arrivals to the South Moravia tourist region, as it regards relative price, the negative sign of the coefficient is the same as the expected one. The effects of trade openness and international outbound tourists on tourism demand in the SMT region have expected positive signs but they are not statistically significant.