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A quantitative analysis of Canadian overseas tourism
Abstract This paper contains an analysis of Canadian overseas travel. A pooled time series cross sectional regression model is used to explain the number of visits per year by Canadian residents to 25 countries (in Europe, Asia, Africa, the Carribean and the South Pacific—other North American countries are excluded) over periods ranging from 5 to 18 years. The explanatory variables tested are: an index of relative inflation in Canada and each of the destination countries, corrected for exchange rate changes, the economy air fare and the lowest discount air fare between Montreal and the gateway destination city, Canadian disposable income, the combined populations of Canada and each destination country, and a measure of ethnic attraction. For 12 of the countries separate equations are estimated. The results suggest that some of the conventional observations about the demand for international travel are correct, while others are not supported. A modified version of the pooled model was also fitted to explain the numbers of visitors to Canada from 20 of the countries in the data base. Applied to such a diverse set of observations, the model has little explanatory power.
A quantitative analysis of Canadian overseas tourism
Abstract This paper contains an analysis of Canadian overseas travel. A pooled time series cross sectional regression model is used to explain the number of visits per year by Canadian residents to 25 countries (in Europe, Asia, Africa, the Carribean and the South Pacific—other North American countries are excluded) over periods ranging from 5 to 18 years. The explanatory variables tested are: an index of relative inflation in Canada and each of the destination countries, corrected for exchange rate changes, the economy air fare and the lowest discount air fare between Montreal and the gateway destination city, Canadian disposable income, the combined populations of Canada and each destination country, and a measure of ethnic attraction. For 12 of the countries separate equations are estimated. The results suggest that some of the conventional observations about the demand for international travel are correct, while others are not supported. A modified version of the pooled model was also fitted to explain the numbers of visitors to Canada from 20 of the countries in the data base. Applied to such a diverse set of observations, the model has little explanatory power.
A quantitative analysis of Canadian overseas tourism
Kliman, M.L. (author)
Transportation Research Part A: General ; 15 ; 487-497
1981-01-10
11 pages
Article (Journal)
Electronic Resource
English
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