Quarterly Journal of Quantitative Economics (JQE)

Estimation of Foreign Iran’s Tourism Demand from some Origin Countries (Time-Varying Parameter Approach)

https://doi.org/10.22055/jqe.2010.10655
Volume 7, Issue 2 - Serial Number 2
Summer 2010
Pages 149-171
Quarterly Journal of Quantitative Economics (JQE)

Authors

Parviz Mohammadzadeh
Davood Behbudi
Siab Mamipour
Majid Feshari
Abstract
The main objective of this paper is to estimate the foreign tourism demand for Iran from India, Pakistan and Turkey during 1974-2005. This study proposes a new technique – the time varying parameter (TVP) approach to tourism demand modeling. To that end, the behavioral change of tourists over time is traced using the Kalman filter approach.
The main findings of this paper reveal that the foreign tourism appears to be a normal good and inelastic to the domestic prices. In addition, habit information is an important factor of Iran’s tourism demand. Comparing income elasticity and own price elasticity between these countries show that the tourism demand from Turkey has a better situation to other countries.

Keywords

Tourism demand
demand elasticity
time varying parameter approach
Kalman filter
  • Receive Date 24 June 2014
  • First Publish Date 24 June 2014
  • Publish Date 22 June 2010

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