The Determinants of Foreign Tourism Demand: Separating Elasticities for the Extensive and the Intensive Margin
The Determinants of Foreign Tourism Demand: Separating Elasticities for the Extensive and the Intensive Margin
复制标题
外国旅游需求的决定因素：粗放边际与集约边际的弹性分离
DOI：
10.2139/ssrn.3355416
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发表时间：
2019
期刊：
影响因子：
--
通讯作者：
G. Oddo
中科院分区：
文献类型：
--
作者：
Emanuele Breda;G. Oddo
本文使用1997-2015年间意大利(及其宏观地区)旅游流量的数据集，估计了意大利外国旅游需求相对于相对价格、名义和实际汇率的弹性。通过将旅游总支出划分为入境人数和人均支出，每个解释变量的影响可以分为广泛边际和集约边际。这种分解有助于澄清文献中发现的混合证据背后的原因，并提供了对弹性的更丰富的解释。我们发现，旅游支出对相对价格以及名义和实际汇率的弹性为负，范围为-0.5到-0.7，与文献中发现的结果一致。对支出的影响主要是通过广泛的边际(即抵达人数)来传导的。意大利南部显示出比该国其他地区更高的价格弹性，这表明它更容易受到来自地中海其他目的地的竞争压力。
This paper estimates the elasticities of Italy’s foreign tourism demand to relative prices, nominal and real exchange rates using a dataset for tourism flows to Italy (and its macro-regions) over the period 1997-2015. By separating total tourism expenditure into the number of arrivals and per-capita expenditure, the effect of each explanatory variable can be divided into an extensive and an intensive margin. This disaggregation helps to clarify the reasons behind the mixed evidence found in the literature and offers a richer interpretation of elasticities. We find that the elasticities of tourism expenditure to relative prices and to nominal and real exchange rates are negative and range from -0.5 to -0.7, in line with previous results found in the literature. The effect on expenditure is channelled mainly via the extensive margin (i.e. the number of arrivals). Southern Italy shows higher price elasticities than the rest of the country, signalling a higher exposure to the competitive pressures from other Mediterranean destinations.