engleski

Seasonality In Tourism Demand: Panel Models With Censored Data

Seasonality is a frequent and important occurrence in the tourism economy, with simultaneous effects on supply structure and employment flows in the same industry. This paper studies the seasonality patterns and determinant impact on it across numerous countries in the Europe in 1995-2014. This article estimates panel model with censored data to learn spillover effects of seasonality in tourism demand. Using seasonal rate, this study investigates the seasonal concentration of demand for tourism, assuming that spillover effects of seasonality extend in tourism are linked to various economic problems.

seasonality ; tourism demand, censored panel regression ; countries

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