nep-tur New Economics Papers
on Tourism Economics
Issue of 2018‒02‒19
one paper chosen by
Laura Vici
Università di Bologna

  1. On the Investigation of Factors Effecting International Tourist Arrivals to Cambodian Market: A Static and Dynamic Gravity Approach By Chhorn, Theara

  1. By: Chhorn, Theara
    Abstract: The paper investigates factors influencing international tourist arrivals into the Cambodian market during the period of 1995 to 2015, covered 32 cross-sectional countries by adopting a static and dynamic gravity approach with respect to fixed effects (FE) and random effects (RE) and the GMM estimator of Arellano and Bond (1991). Our analysis shows that mostly economic factors such as travel cost, GDP per capita and population size are the main sources in attracting international tourist arrivals. The country specific dummy variables are found to be associated with the respects to its significant level. The empirical results demonstrate that one and two step GMM with robust standard errors produces better outcomes and improves the estimated accuracy over a static approach.
    Keywords: Gravity Model, International Tourist Arrivals, Arellano and Bond (1991), GMM, Fixed and Random Effect, Cambodia
    JEL: C1 C3 C33 C50 C82 Z0 Z00
    Date: 2017–04–24

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