Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/16867
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Hotel and Tourism Management | en_US |
dc.creator | Smeral, E | en_US |
dc.creator | Song, H | en_US |
dc.date.accessioned | 2015-07-13T10:34:05Z | - |
dc.date.available | 2015-07-13T10:34:05Z | - |
dc.identifier.issn | 1099-2340 | en_US |
dc.identifier.uri | http://hdl.handle.net/10397/16867 | - |
dc.language.iso | en | en_US |
dc.publisher | John Wiley & Sons | en_US |
dc.rights | © 2013 John Wiley & Sons, Ltd. | en_US |
dc.rights | This is the peer reviewed version of the following article: Smeral, E., & Song, H. (2015). Varying elasticities and forecasting performance. International Journal of Tourism Research, 17(2), 140-150, which has been published in final form at https://doi.org/10.1002/jtr.1972. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. | en_US |
dc.subject | Asymmetric income and price effects | en_US |
dc.subject | Business cycle | en_US |
dc.subject | Forecasting error | en_US |
dc.subject | Time-varying parameter model | en_US |
dc.title | Varying elasticities and forecasting performance | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 140 | en_US |
dc.identifier.epage | 150 | en_US |
dc.identifier.volume | 17 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.doi | 10.1002/jtr.1972 | en_US |
dcterms.abstract | This study assumes that tourists' demand reactions to income and price changes are asymmetric at different phases of the business cycle. In order to test this hypothesis, we analyzed the demand for international tourism in five source markets using a modified growth rate (MGR) model. The empirical evidence demonstrates that income elasticity is indeed asymmetric across the business cycle in four source markets. In addition, asymmetric price effects were found for one source market. To compare forecasting performance, we also estimated a time-varying parameter (TVP) model. The results show that the MGR model generally outperforms the TVP model. | en_US |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | International journal of tourism research, Mar.-Apr. 2015, v. 17, no. 2, p. 140-150 | en_US |
dcterms.isPartOf | International journal of tourism research | en_US |
dcterms.issued | 2015-03 | - |
dc.identifier.scopus | 2-s2.0-84924447164 | - |
dc.identifier.eissn | 1522-1970 | en_US |
dc.identifier.rosgroupid | 2014001809 | - |
dc.description.ros | 2014-2015 > Academic research: refereed > Publication in refereed journal | en_US |
dc.description.oa | Accepted Manuscript | en_US |
dc.identifier.FolderNumber | a0666-n05 | - |
dc.identifier.SubFormID | 864 | - |
dc.description.fundingSource | RGC | en_US |
dc.description.fundingText | PolyU 5475/12H | en_US |
dc.description.pubStatus | Published | en_US |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
TVP_Elasticity_-_Smeral-Song.pdf | Pre-Published version | 997 kB | Adobe PDF | View/Open |
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