Instrumental Variable Estimation of Tourism Demand : Comparing Level Versus Change-Rate Models

Tourism demand is highly sensitive to economic fluctuations. If variables are subject to such time-specific effects, lagged variables in dynamic models can cause the OLS estimation to be biased. This study estimates tourism demand with controlling for time-specific effects by using instrumental variables. The empirical results show that the models of change rate variables produce significant and reliable estimates when they are estimated by GMM

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Year of publication:	2012
Authors:	Min, Chung-ki
Publisher:	[S.l.] : SSRN
Subject:	Tourismus \| Tourism \| IV-Schätzung \| Instrumental variables \| Schätztheorie \| Estimation theory \| Nachfrage \| Demand

Extent:	1 Online-Ressource (13 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Proceedings of 19th International Business Research Conference 2012 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 12, 2012 erstellt
Other identifiers:	10.2139/ssrn.2174241 [DOI]
Classification:	C21 - Cross-Sectional Models; Spatial Models ; C23 - Models with Panel Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014039856