@article {Narayan:2005:1083-5423:321,
title = "Why Do Australians, New Zealanders, and Americans Travel to Fiji? Evidence from Cointegration, Unit Roots, and Parameter Stability Tests",
journal = "Tourism Analysis",
parent_itemid = "infobike://cog/ta",
publishercode ="cog",
year = "2005",
volume = "9",
number = "4",
publication date ="2005-01-01T00:00:00",
pages = "321-341",
itemtype = "ARTICLE",
issn = "1083-5423",
eissn = "1943-3999",
url = "https://www.ingentaconnect.com/content/cog/ta/2005/00000009/00000004/art00008",
doi = "doi:10.3727/108354205789807274",
keyword = "PARAMETER STABILITY, BOUNDS TEST, COINTEGRATION, FIJI TOURISM",
author = "Narayan, Paresh Kumar",
abstract = "The aim of this study was to estimate the demand for Fiji's tourism from its three main source marketsAustralia, New Zealand, and the USusing the bounds testing approach to cointegration. Our main finding was that visitor arrivals to Fiji and its key determinants are cointegrated over the 19702000 period. We then used the autoregressive distributed lag model to estimate short-run and long-run elasticities and found that income in origin countries, transport costs, and prices were significant determinants of Fiji's tourism demand. We also found that coups negatively impact visitor arrivals from all markets. In testing for parameter stability, we established that the series were integrated of order one in the presence of a structural break. We then used the Hansen test for parameter stability and found that the parameters of our long-run model are stable over time.",
}