In the context of the UK tourism demand for France, Spain and Portugal in 1969-1997, the objective of this book is to demonstrate that consistent estimates and reliable forecasts can be obtained from empirical models based on the principles of economic theory, and specified and rigorously tested within the rules of sound econometric methodology. The alternative models estimated include error-correction autoregressive distributed lag models (ARDL), static and dynamic almost ideal demand systems (AIDS) and cointegrated vector autoregressive models (VAR). The main findings that emerge from this...
In the context of the UK tourism demand for France, Spain and Portugal in 1969-1997, the objective of this book is to demonstrate that consistent esti...