NDLI: Tourism Demand and Exchange Rates in Asian Countries: Evidence from a Panel Data Approach

Content Provider	IEEE Xplore Digital Library
Author	Hsiao-I Kuo Hui-Cheng Wang Wei-Yei Hwang Chun-Yuan Ye
Copyright Year	2009
Abstract	The purpose of this paper is to investigate the impact of an important economic determinant, namely exchange rate, on the international tourism demand for tourist services in eight Asian countries using panel data procedures. A balanced panel data set of eight Asian countries over the period from January 2001 to July 2007 was used. By using appropriate panel data techniques, the effects of exchange rates change on international demand growth for Asian destinations can be obtained. The empirical results have shown that the influence of tourist arrivals change of previous season on current season is positive and statistical significance, that means there exists persistence effect of seasonality for tourist arrivals change. Another finding indicates that currency of destination country depreciated relatively to currency of origin country is helpful to the international tourism business in destination country and vice versa.
Starting Page	508
Ending Page	512
File Size	288434
Page Count	5
File Format	PDF
ISBN	9780769535074
DOI	10.1109/CSIE.2009.783
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-03-31
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Chaos Data engineering Tourism Demand Computer science Exchange rates Technology management Exchange Rates Engineering management Asia Senior citizens Economic forecasting Data models Panel Data Approach
Content Type	Text
Resource Type	Article

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