The analysis of the relationships of Korean outbound tourism demand:Jeju Island and three international destinations

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	The analysis of the relationships of Korean outbound tourism demand:Jeju Island and three international destinations
	Joo Hwan Seo ; Sung Yong Park ; Larry Yu
刊名	http://www.wise.xmu.edu.cn/paperInfor.asp?id=139
	2013-11-08
关键词	Dynamic conditional correlation Multivariate GARCH Vector error correction model Jeju Island Korean outbound tourism
英文摘要	This paper investigates the determinants of the relationship among Korean outbound tourism demand for Jeju Island and three other Asian island countries using the multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) and Vector Error Correction (VEC) models. It is found that pairwise conditional correlations among tourism demand for Jeju, Thailand, Singapore and the Philippines are not constant but time varying. Estimated conditional correlations among Jeju and the three Asian countries are negative over some time periods. This implies that the three Asian countries are substitutes for Jeju in certain specific time horizons. The VEC model is used to investigate the short-run and long-run dynamic relationships and the results reveal that Industrial Production Index and real exchange rates had the positive or negative impact on conditional correlations of tourism demand for these destinations. Tourism policy implications are discussed for managing tourism demand for these destinations.; This paper was published in Tourism Management, 30, 2009, 530-543
语种	中文
内容类型	期刊论文
源URL	[http://dspace.xmu.edu.cn/handle/2288/56879]
专题	王亚南院－已发表论文
推荐引用方式 GB/T 7714	Joo Hwan Seo,Sung Yong Park,Larry Yu . The analysis of the relationships of Korean outbound tourism demand:Jeju Island and three international destinations[J]. http://www.wise.xmu.edu.cn/paperInfor.asp?id=139,2013.
APA	Joo Hwan Seo,Sung Yong Park,&Larry Yu .(2013).The analysis of the relationships of Korean outbound tourism demand:Jeju Island and three international destinations.http://www.wise.xmu.edu.cn/paperInfor.asp?id=139.
MLA	Joo Hwan Seo,et al."The analysis of the relationships of Korean outbound tourism demand:Jeju Island and three international destinations".http://www.wise.xmu.edu.cn/paperInfor.asp?id=139 (2013).