Why do Australians, New Zealanders and Americans travel to Fiji? Evidence from cointegration, unit roots and parameter stability tests

Narayan, Paresh Kumar 2005, Why do Australians, New Zealanders and Americans travel to Fiji? Evidence from cointegration, unit roots and parameter stability tests, Tourism Analysis, vol. 9, no. 4, pp. 321-341.

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Title Why do Australians, New Zealanders and Americans travel to Fiji? Evidence from cointegration, unit roots and parameter stability tests
Author(s) Narayan, Paresh Kumar
Journal name Tourism Analysis
Volume number 9
Issue number 4
Start page 321
End page 341
Publisher Cognizant Communication Corp.
Place of publication Elmsford, NY
Publication date 2005
ISSN 1083-5423
1943-3999
Summary The aim of this study was to estimate the demand for Fiji’s tourism from its three main source markets—Australia, New Zealand, and the US—using the bounds testing approach to cointegration. Our main finding was that visitor arrivals to Fiji and its key determinants are cointegrated over the 1970–2000 period. We then used the autoregressive distributed lag model to estimate short-run and long-run elasticities and found that income in origin countries, transport costs, and prices were significant determinants of Fiji’s tourism demand. We also found that coups negatively impact visitor arrivals from all markets. In testing for parameter stability, we established that the series were integrated of order one in the presence of a structural break. We then used the Hansen test for parameter stability and found that the parameters of our long-run model are stable over time.
Language eng
Field of Research 150606 Tourist Behaviour and Visitor Experience
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024658

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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