Modeling the supply and demand for tourism: a fully identified ...

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English

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cours - matière potentielle : knowledge of supply behavior

Modeling the supply and demand for tourism: a fully identified VECM approach Ting Zhou, Carl Bonham and Byron Gangnes Department of Economics and University of Hawaii Economic Research Organization University of Hawaii at Manoa Working Paper No. 07-17 July 20, 2007 Abstract System-based cointegration methods have become popular tools for economic analysis and forecasting. However, identification of structural relationships is often problematic. We estimate a vector error correction model of the supply and demand for Hawaii tourism using a theory-directed sequential reduction method suggested by Hall et al.