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Modelling substitution between domestic and outbound tourism in Australia: A system-of-equations approach

Athanasopoulos, G, Deng, M, Li, G and Song, H (2014) Modelling substitution between domestic and outbound tourism in Australia: A system-of-equations approach Tourism Management, 45. pp. 159-170.

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Abstract

This study uses a system-of-equations approach to model the substitution relationship between Australian domestic and outbound tourism demand. A new price variable based on relative ratios of purchasing power parity index is developed for the substitution analysis. Short-run demand elasticities are calculated based on the estimated error correction almost ideal demand systems. The empirical results reveal significant substitution relationships between Australian domestic tourism and outbound travel to Asia, the UK and the US. This study provides scientific support for necessary policy considerations to promote domestic tourism further.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :
AuthorsEmailORCID
Athanasopoulos, GUNSPECIFIEDUNSPECIFIED
Deng, MUNSPECIFIEDUNSPECIFIED
Li, GUNSPECIFIEDUNSPECIFIED
Song, HUNSPECIFIEDUNSPECIFIED
Date : December 2014
Identification Number : 10.1016/j.tourman.2014.03.018
Additional Information : NOTICE: this is the author’s version of a work that was accepted for publication in Tourism Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Tourism Management, 45, December 2014, DOI 10.1016/j.tourman.2014.03.018.
Depositing User : Symplectic Elements
Date Deposited : 26 Nov 2014 15:21
Last Modified : 27 Nov 2014 02:33
URI: http://epubs.surrey.ac.uk/id/eprint/806656

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