Author

  • Emmanuel Ziramba

    • University of Namibia, Namibia
    • Namibia

  • Busani Moyo

    • University of South Africa, South Africa
    • South Africa

Abstract

This paper, with the use of annual data covering the period 1975 to 2008, seeks to identify the determinants of outbound tourism demand (outbound tourist outflows) in South Africa. We employ cointegration analysis by utilising an autoregressive distributed lag (ARDL) approach proposed by Pesaran et al. (2001) to make inferences about the long run and short run relationships. The results indicate that in the long run, outbound tourism demand is influenced by the real domestic income and the relative prices. Our results indicate that outbound tourism demand is a luxury good with an income elasticity of 3.5. In the short run, only relative prices have an impact on outbound tourism demand in South Africa. Outbound tourism demand was found to be price inelastic in both periods.

Keywords

References

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How to Cite

Ziramba, E., & Moyo, B. (2013). Aggregate Outbound Tourism Demand in South Africa: an Econometric Analysis. Journal of Economics and Behavioral Studies, 5(5), 260-267. https://doi.org/10.22610/jebs.v5i5.402

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Section

Research Paper

Published in

Vol. 5 No. 5 (2013) Trade Advantage, Tourism Demand & Human Capital View issue contents

Published

2013-05-30

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