본문 바로가기
  • Home

The Effects of Exchange Rates and Business Indicators on the Korean Tourism Demand in Leading Drstination Countries

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2004, 28(2), pp.9-23
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

soowon mo 1

1목포대학교

Accredited

ABSTRACT

Korean tourism demand is known to respond to such variables as income, relative prices, and exchange rates. The responsiveness of Korean tourism demand to changes in these in the tourism of destination countries, however, is not known. This paper, hence, examines the responsiveness of Korean tourism demand to changes in income and exchange rates, using Zellner’s seemingly unrelated regression method and the rolling regression. The results that, in the long run, the income variable has a much greater influence on Korean tourism demand than the exchangerate does. The Impulse Response Function indicates that while the tourists respond negatively to the shock in the exchange rate, their response to the shock in the income variable is more positive.

Citation status

* References for papers published after 2023 are currently being built.