Authors
Muhammad Shafiullah, Luke Emeka Okafor, Usman Khalid
Publication date
2019/3
Journal
Tourism Economics
Volume
25
Issue
2
Pages
274-296
Publisher
SAGE Publications
Description
This article explores whether the determinants of international tourism demand differ by states and territories in Australia. This is the first attempt at econometric modelling of international tourism demand in the states and territories of Australia. A demand model is specified where international visits to states and territories is a function of world income, state-level transportation costs, stock of foreign-born residents, the Australian real exchange rate and the price levels of international and domestic substitutes. Panel and time series econometric techniques are employed to test the model variables for stationarity, cointegration and direction of causality. Panel and time series cointegration tests show that the model is cointegrated. The causality analysis indicates that all explanatory variables Granger cause international visits to the Australian states and territories. Further, we show that the impacts of the determinants of …
Scholar articles
M Shafiullah, LE Okafor, U Khalid - Tourism Economics, 2019