Tools
ToolsSeetaram, N., Forsyth, P. and Dwyer, L., 2016. Measuring price elasticities of demand for outbound tourism using competitiveness indices. Annals of Tourism Research, 56 (1), 65 - 79.
Full text available as:
|
PDF
Measuring Elasticties using Competitiveness Indices.pdf - Accepted Version 416kB | |
|
Copyright to original material in this document is with the original owner(s). Access to this content through BURO is granted on condition that you use it only for research, scholarly or other non-commercial purposes. If you wish to use it for any other purposes, you must contact BU via BURO@bournemouth.ac.uk. Any third party copyright material in this document remains the property of its respective owner(s). BU grants no licence for further use of that third party material. |
DOI: 10.1016/j.annals.2015.10.004
Abstract
The real exchange rate (REX) has long been used as the proxy for prices in tourism demand models. However it has limitations, particularly when it comes to models of outbound tourism. As an alternative, a price competitiveness index (PCI) is developed and used as a proxy for prices in a model of outbound tourism from Australia. Results obtained show that while REX is statistically insignificant and yields a price elasticity of −0.002, PCI is significant and generates a price elasticity of −1.07. The results obtained show that PCI outperforms REX as the preferred price variable in modelling outbound demand on both theoretic and empirical grounds. Furthermore, this index can be used to monitor the inter-temporal competitiveness of a destination.
| Item Type: | Article |
|---|---|
| ISSN: | 1873-7722 |
| Group: | Bournemouth University Business School |
| ID Code: | 22961 |
| Deposited By: | Symplectic RT2 |
| Deposited On: | 08 Dec 2015 13:30 |
| Last Modified: | 14 Mar 2022 13:54 |
Downloads
Downloads per month over past year
| Repository Staff Only - |