Tourism Demand Modeling: A Time-Varying Parameter Approach

By Haiyan Song, Kevin K. F. Wong. 2003

163 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Haiyan Song
2. Gang Li
3. Stephen F. Witt
4. G. Crouch
5. Bo Peng
6. Shujie Shen
7. Chokri Ouerfelli
8. K. Chon

In Marketing

1. Haiyan Song
2. Gang Li
3. G. Crouch
4. Bo Peng
5. Stephen F. Witt
6. Shujie Shen
7. K.K.W. Wong
8. K. Chon

Citations in the corpus

• Combination forecasts of international tourism demand (2011, result): “Although previous empirical studies (e.g., Song & Witt, 2000; Song & Wong, 2003) suggest that the TVP model performs well in annual tourism demand forecasting, in this study, it was outperformed by most of the other models when quarterly data were involved.”
• A Meta-Analysis of International Tourism Demand Elasticities (2013, background): “…destinations, which could be measured by domestic CPI or a weighted tourism price for a set of substitute destinations (Witt and Witt 1995; Song and Wong 2003); the size of the population within the origin (Witt and Martin 1987; Turner and Witt 2001); trends in immigration patterns…”
• Assessing the Impacts of the Global Economic Crisis and Swine Flu on Inbound Tourism Demand in the United Kingdom (2012, unknown): “Prior studies have proved the TVP technique to be a reliable modeling strategy for short- to medium-term tourism demand forecasting when the underlying structure of the model changes over time because of external shocks (Li, Song, and Witt 2005; Riddington 1999; Song and Wong 2003).”
• Bayesian models for tourism demand forecasting. (2006, methodology): “…failed to improve the forecasting accuracy is that they enter the VAR system as leading indicators while many previous study suggest that the influence of the explanatory variables are often instantaneous (see, for example, Hiemstra and Wong, 2002, Song and Wong, 2003 and Tan et al, 2002).”
• Co-integration analysis of quarterly European tourism demand in Tunisia (2008, background): “Income elasticity enables professionals to measure the impact (on tourism demand) of a change in revenue distribution in the origin countries (see Crouch, 1992; Song & Wong, 2003 ).”
• Recent Developments in Econometric Modeling and Forecasting (2005, result): “Using the TVP approach, Li, Song, and Witt (2002); Song and Witt (2000); and Song and Wong (2003) confirmed the above findings in their empirical studies.”
• A meta-analysis of international tourism demand forecasting and implications for practice (2014, methodology): “Furthermore, the TVP model performs well in capturing external influences of a gradual and diffused nature, such as changes in consumer tastes and other social and psychological trends (Song & Wong, 2003).”