Since 2014
An Empirical Comparison of Systems of Demand Equations for Tourist Expenditures in Resort Destinations
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
An Empirical Comparison of Systems of Demand Equations for Tourist Expenditures in Resort Destinations
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| Creator |
Fujii, Edwin T.; Department of Economics, University of Hawaii
Khaled, Mohammed Mak, James; Department of Economics, University of Hawaii |
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| Subject |
—
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| Description |
In this paper, we employ the systems approach to the estimation of demand equations. We model visitor expenditures on six different categories of goods at a major resort destination,Hawaii.This study breaks new ground in several respects: (a) we apply systems estimation techniques to a new area -- detailed budget data on visitor expenditures at a given resort destination, (b) we compare elasticities generated by the linear expenditure system and the Rotterdam model with the almost ideal demand system, a new functional form that has not been extensively tested empirically, and (c) we improve on a method suggested by Parks to measure goodness of fit in the Rotterdam model.
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
1987-06-08
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/298
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| Source |
Philippine Review of Economics; Vol 24, No 1 & 2 (1987)
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/298/407
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| Rights |
Copyright (c) 2017 Philippine Review of Economics
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