A panel data modeling of international tourism demand:evidences for Romania

Surugiu, Camelia; Leitão, Nuno Carlos; Surugiu, Marius Razvan

http://hdl.handle.net/10400.15/437

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Autores

Surugiu, Camelia

Leitão, Nuno Carlos

Surugiu, Marius Razvan

Resumo(s)

This paper analysis the determinants of international tourism demand for Romania and it quantifies their influences. The authors elaborate two models, a fixed-effects model and the Tobit model, to estimate tourist inflow data from twenty-three European countries, for the period 1997-2008. In the fixed effects static panel model, we find that GDP per capita, bilateral trade, population, prices are the main determinants of tourism flows to Romania. For the Tobit model, all the variables taken into consideration, GDP per capita, bilateral trade, population, geographical distance, prices are influencing the international tourism demand. Both models indicate that trade, population, and income are more important determinants than relative prices or geographical distance between Romania and countries of origin.

Palavras-chave

International demand Tourist arrivals Panel data model Trade Romania

URI

http://hdl.handle.net/10400.15/437

Citação

Surugiu, Camelia, Leitão, Nuno Carlos & Surugiu, Marius. (2011). A panel data modeling of international tourism demand:evidences for Romania. Ekonomska Istraživanja/Economic Research, 24 (1) 134-145

Editora

Juraj Dobrila University of Pula, Department of Economics and Tourism 'Dr. Mijo Mirkovic'

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