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Household level heterogeneity in the income elasticities of demand for international leisure travel
Tourism Economics ( IF 4.582 ) Pub Date : 2021-07-20 , DOI: 10.1177/13548166211033406
Jonathan Stråle 1
Affiliation  

This article deepens the understanding of household level heterogeneity of income elasticities of demand for international leisure travel. This is done through the use of Swedish household level expenditure data which together with censored quantile regression allows for estimation of income elasticities based on relative consumption levels. In addition, an analysis of how the distribution of income elasticities was affected by the 2008 financial crisis is made. Results show a great heterogeneity in the estimated income elasticities, with income elasticities being the largest for the households who consume relatively little of the good, and a small positive effect of the financial crisis on the estimated distribution of income elasticities. These results can be used by policy makers, as well as managers in the tourism industry, to predict and influence the demand of international tourism at a more detailed level. The results also go in line with theoretical predictions and give further insight in market penetration as well as an ongoing structural change in the demand for international tourism.



中文翻译:

国际休闲旅游需求收入弹性的家庭层次异质性

本文加深了对国际休闲旅游需求收入弹性的家庭层面异质性的理解。这是通过使用瑞典家庭水平支出数据完成的,该数据与截尾分位数回归一起允许根据相对消费水平估计收入弹性。此外,还分析了2008年金融危机对收入弹性分配的影响。结果表明,估计的收入弹性存在很大的异质性,对于消费相对较少的商品的家庭来说,收入弹性最大,金融危机对收入弹性的估计分配的​​积极影响很小。这些结果可供政策制定者以及旅游业管理人员使用,更详细地预测和影响国际旅游的需求。结果也符合理论预测,并进一步了解市场渗透率以及国际旅游需求的持续结构变化。

更新日期:2021-07-21
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