A Study on the Determinants of Visit to Korea International Tourism Demand (방한 국제 관광수요 결정요인에 관한 연구)

Kim JoungGu (김종구)

A Study on the Determinants of Visit to Korea International Tourism Demand

Journal of Tourism Sciences
Abbr : JTS
2014, 38(6), pp.167-187
Publisher : The Tourism Sciences Society Of Korea
Research Area : Social Science > Tourism

Kim JoungGu ¹

¹청주대학교

Accredited

ABSTRACT

This Study identified the factors for inbound tourism demand to Korea from 49 countries during 2005 to 2012. The results of analysis on the group panel mean FMOLS found that foreign income elasticity is 0.8462 and the exchange rate elasticity is 0.5976 which are to be appeared non-elasticity. In considering the cross-country panel analysis of heterogeneity, in the cases of Asia, the Middle East and the Americas, the United States, Brazil, and Chile, it showed that the income elasticity of them is flexible while exchange rate elasticity is inelastic or no significance. On the other hand, in the case of African countries and Australasia, income elasticity is to be appeared no significance or inelastic, but elasticity of exchange rate to be appeared elastic. A tourism demand function in most European countries, exception of Norway, could not be found.

KEYWORDS

Tourism demand function, Panel cointegration, Fully modified OLS

Citation status

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

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