Household level heterogeneity in the income elasticities of demand for international leisure travel
Bibliographic Data
| ID | 21689272 |
|---|---|
| Authors | Jonathan Stråle (0000-0002-4591-2164, Swedish University of Agricultural Sciences, corresponding author) |
| Year | 2022 |
| Volume | 28 |
| Issue | 8 |
| Pages | 2154-2175 |
| Publication date | 2022-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Tourism Economics (JOURNAL) |
| Journal identifiers | ISSN: 1354-8166 • E-ISSN: 2044-0375 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/13548166211033406 |
| OpenAlex | W3186832158 |
| Language | EN |
| Citations received | 3 |
| References cited | 35 |
This article deepens the understanding of household level heterogeneity of income elasticities of demand for international leisure travel. This is done through the use of Swedish household level expenditure data which together with censored quantile regression allows for estimation of income elasticities based on relative consumption levels. In addition, an analysis of how the distribution of income elasticities was affected by the 2008 financial crisis is made. Results show a great heterogeneity in the estimated income elasticities, with income elasticities being the largest for the households who consume relatively little of the good, and a small positive effect of the financial crisis on the estimated distribution of income elasticities. These results can be used by policy makers, as well as managers in the tourism industry, to predict and influence the demand of international tourism at a more detailed level. The results also go in line with theoretical predictions and give further insight in market penetration as well as an ongoing structural change in the demand for international tourism
Demographic economics · Econometrics · Economics · Estimation · Financial crisis · Household income · Income distribution · Income elasticity of demand · Inequality · Labour economics · Macroeconomics · Quantile regression · Tourism · Economics of Agriculture and Food Markets · Energy, Environment, and Transportation Policies · Fiscal Policy and Economic Growth
Twopm
Elasticities and the Inverse Hyperbolic Sine Transformation
Changes in the U.S. Wage Structure 1963-1987
Determinants of tourist expenditure
Tobit models
A Meta-Analysis of International Tourism Demand Elasticities
Recent Advances in Quantile Regression Models
Least absolute deviations estimation for the censored regression model
Estimation of Relationships for Limited Dependent Variables
Sample Selection Bias as a Specification Error
Regression Quantiles
Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
Micro-economic determinants of tourist expenditure
Tourism participation and expenditure by Spanish households
A dynamic international demand model
Another Look at the Determinants of Tourism Expenditure
The Rise of Mass Consumption Societies
| Citations per year | 1 |
|---|---|
| Citation span | 2023 - 2025 (3) |
| Highly cited | No |