Modelling International Tourism Demand for Zimbabwe

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This paper uses the autoregressive distributed lag (ARDL) approach to cointegration to estimate the coefficients of the determinants of international tourism demand for Zimbabwe for the period 1998 to 2005.The results show that taste formation, transport costs, changes in global income and certain specific event have a significant impact on international tourism demand.

Policy Design

Modelling International Tourism Demand for Zimbabwe

Submitted by admin on

This paper uses the autoregressive distributed lag (ARDL) approach to cointegration to estimate the coefficients of the determinants of international tourism demand for Zimbabwe for the period 1998 to 2005. The results show that taste formation, transport costs, changes in global income and certain specific events have a significant impact on international tourism demand.

Policy Design

Do You Enjoy Having More Than Others? Survey Evidence of Positional Goods

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Although conventional economic theory proposes that only the absolute levels of income and consumption matter for people’s utility, there is much evidence that relative concerns are often important.

Experiments

Indicators for an invasive species: Water Hyacinths in Lake Victoria

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The purpose of this paper is to create and discuss a measure of water hyacinth abundance in Lake Victoria. Water hyacinths have dramatic effects on other activities such as fisheries. However, understanding their spread and effects is hampered by the lack of reliable information.

Biodiversity

The effect of environmental good scarcity on own-farm labor allocation: The case of agricultural households in rural Nepal

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As environmental goods such as fuelwood and fodder become more scarce, rural households in developing countries spend more time in their collection. It has been suggested that as a result households may reallocate labor away from own-farm agricultural production.

Agriculture