Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259206 
Year of Publication: 
2019
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 22 [Issue:] 3 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2019 [Pages:] 25-43
Publisher: 
De Gruyter, Warsaw
Abstract: 
International tourism is one of the most important sectors of the open economy. The aim of this paper is to investigate the effects that income as gross domestic product, tourism price as the real exchange rate, and travel cost as the price of Brent crude oil have on inbound tourism demand (tourist arrivals) from Poland, Slovakia, Germany, and Austria in the South Moravian Region of the Czech Republic over the period 2002:M1-2018:M5. The number of Polish, German, Slovak and Austrian tourists accommodated in collective accommodation establishments within the South Moravian Region as a dependent variable are considered. To achieve this aim, cointegration analysis under the VECM approach is applied. The results show that Slovak, Polish, Austrian and German tourists respond positively to their income changes. Austrian and Slovak tourists respond negatively to changes in tourism prices in the Czech Republic. Tourists from Germany and Poland do not respond to changes in the Czech price level since their elasticity coefficients are non-significant. German, Austrian and Slovak tourists respond negatively to transportation cost changes. Polish tourists do not respond to transport cost changes since their elasticity coefficient is non-significant.
Subjects: 
tourism demand
real exchange rate
industrial production index
crude oil price
VECM
cointegration
JEL: 
F14
F47
Z03
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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