Modeling the supply and demand for tourism: a fully identified ...

• cours - matière potentielle : knowledge of supply behavior

Modeling the supply and demand for tourism: a fully identified VECM approach Ting Zhou, Carl Bonham and Byron Gangnes Department of Economics and University of Hawaii Economic Research Organization University of Hawaii at Manoa Working Paper No. 07-17 July 20, 2007 Abstract System-based cointegration methods have become popular tools for economic analysis and forecasting. However, identification of structural relationships is often problematic. We estimate a vector error correction model of the supply and demand for Hawaii tourism using a theory-directed sequential reduction method suggested by Hall et al.

• reliable data on hotel room prices
• representative air fares between origin
• consumers from origin country
• price of tourism product
• tourism demand
• rank
• hawaii
• supply
• tourism
• model