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on Tourism Economics |
| By: | Charles, Jacky S.; Fullerton, Thomas M., Jr. |
| Abstract: | Tourism is the major domestic export for many countries in the Caribbean region. Given this, the variables which influence tourism demand in this region, as well as accurate forecasts, can assist policy makers in their planning efforts and growth strategies. This study utilizes error correction models (ECMs) to analyze tourism demand in the Bahamas. Findings suggest that income and habit persistence/word of mouth advertising are the primary determinants of tourism demand in the Bahamas, while the cost of travel is generally insignificant. To further assess model reliability, forecasts of the ECMs are compared to random walk and random walk with drift benchmarks. The study finds that while the ECMs provide fairly reliable forecasts, their performances are not superior to those provided by random walk benchmarks. |
| Keywords: | Tourism; Error Correction Analysis; Forecasts; Bahamas |
| JEL: | O54 M21 |
| Date: | 2012–02–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:43064&r=tur |
| By: | Håkansson, Cecilia (Division for Environmental Strategies Research); Östberg, Katarina (CERE, Centre for Environmental and Resource Economics); Bostedt, Göran (CERE, Centre for Environmental and Resource Economics) |
| Abstract: | This paper studies distributional effects of environmental policies in Swedish coastal environments, in monetary and environmental quality terms, for different socio-economic groups. The study area is widely used for different recreational activities and has a mix of different visitors. Data comes from a choice experiment study. Some results confirm limited existing knowledge from previous research, although the ethnical dimension to a certain extent contradicts conventional perceptions. Based on previous research from other countries, the hypothesis would be that native Swedes would benefit more from environmental improvements than respondents with a non-Swedish background. Interestingly results differ, depending on the environmental amenity. For example, respondents with a non-Swedish origin benefit more, both in monetary and environmental quality terms, from reduced noise and littering compared to respondents with a Swedish origin. Also, independent of ethnical background, people use the area in a similar manner. |
| Keywords: | Distributional effects in monetary and environmental quality terms; Non-market valuation; Marine policy; Ethnicity |
| JEL: | Q51 Q52 Q53 |
| Date: | 2012–12–07 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:slucer:2012_018&r=tur |