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Tourism Demand and Exchange Rates in Asian Countries: Evidence from a Panel Data Approach

机译:亚洲国家的旅游需求和汇率:面板数据方法的证据

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The purpose of this paper is to investigate the impact of an important economic determinant, namely exchange rate, on the international tourism demand for tourist services in eight Asian countries using panel data procedures. A balanced panel data set of eight Asian countries over the period from January 2001 to July 2007 was used. By using appropriate panel data techniques, the effects of exchange rates change on international demand growth for Asian destinations can be obtained. The empirical results have shown that the influence of tourist arrivals change of previous season on current season is positive and statistical significance, that means there exists persistence effect of seasonality for tourist arrivals change. Another finding indicates that currency of destination country depreciated relatively to currency of origin country is helpful to the international tourism business in destination country and vice versa.
机译:本文的目的是使用面板数据程序研究重要的经济决定因素,即汇率,对八个亚洲国家的国际旅游服务需求的影响。使用了2001年1月至2007年7月期间八个亚洲国家的平衡面板数据集。通过使用适当的面板数据技术,可以获得汇率变化对亚洲目的地国际需求增长的影响。实证结果表明,前一季来港人数的变化对当季的影响是正向的,具有统计意义,这意味着季节性变化对来港旅客的影响存在持久性。另一个发现表明,目的地国的货币相对于来源国的货币贬值有助于目的地国的国际旅游业务,反之亦然。

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