Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/33955
Title: Economic analysis of tourism consumption dynamics. A time-varying parameter demand system approach.
Authors: Wu, DC
Li, G
Song, H 
Keywords: Almost ideal demand system
Demand elasticity
Evolution
Hong Kong
Time-varying parameter
Tourism consumption
Issue Date: 2012
Source: Annals of tourism research, 2012, v. 39, no. 2, p. 667-685 How to cite?
Journal: Annals of Tourism Research 
Abstract: This study considers the dynamics of the consumption behaviour of tourists from an economic perspective. The evolution of various demand elasticities is explored using a time-varying parameter almost ideal demand system model. The top four source markets for tourism in Hong Kong are examined, and three major tourist expenditure categories, including shopping, hotel accommodation and meals outside hotels, are investigated for each market. Elasticity analysis reveals different consumption trends and patterns across the source markets. The findings will serve as a useful reference for Hong Kong tourism-related industries and the government in their efforts to enhance the competitiveness of Hong Kong as an international tourism destination.
URI: http://hdl.handle.net/10397/33955
ISSN: 0160-7383
DOI: 10.1016/j.annals.2011.09.003
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