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Modelling tourism demand in Fiji

Katafono, Resina and Gounder, Aruna (2004) Modelling tourism demand in Fiji. Economics Department, Reserve Bank of Fiji, Suva, Fiji.

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Being the major foreign exchange earner and a major source of job creation for Fiji, tourism is without a doubt an important industry for Fiji. Given the importance of the industry, the aim of the paper is to model the demand for tourism in Fiji. Cointegration and error correction techniques were used to construct a tourism demand model for Fiji. Both the long-run and short-run results indicate that income of our major trading partners is positively related with tourism demand. Contrary to expectations, relative prices were found to have a positive relationship with tourism demand. Unsurprisingly, coups are a major deterrent to the demand for tourism. However, major cyclones were not significant in explaining tourism demand.

Item Type: Other
Subjects: H Social Sciences > HA Statistics
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Aruna Gounder
Date Deposited: 05 Aug 2020 04:15
Last Modified: 11 Aug 2020 00:06

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