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| Author: | Dritsakis, N. |
| Title: | Cointegration analysis of German and British tourism demand for Greece |
| Journal: | Tourism Management
2004 : FEB, VOL. 25:1, p. 111-119 |
| Index terms: | Tourism Demand Cointegration Error correction models Greece Germany United Kingdom |
| Language: | eng |
| Abstract: | This article discusses the changes of tourism demand for Greece by examining German and British tourism demand. Macroeconomic variables such as income in origin countries, tourism prices in Greece, and transportations and exchanges costs btw. the countries are taken into account. The results of the unit root test are described and the cointegration analysis and Johansens maximum likelihood procedure are briefly outlined. Finally, the error correction models travel to Greece from Germany and Great Britain are discussed. |
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