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1 – 10 of over 15000

Abstract

Details

The Peace Dividend
Type: Book
ISBN: 978-0-44482-482-0

Article
Publication date: 9 January 2017

Doris Chenguang Wu, Haiyan Song and Shujie Shen

The purpose of this paper is to review recent studies published from 2007 to 2015 on tourism and hotel demand modeling and forecasting with a view to identifying the…

4106

Abstract

Purpose

The purpose of this paper is to review recent studies published from 2007 to 2015 on tourism and hotel demand modeling and forecasting with a view to identifying the emerging topics and methods studied and to pointing future research directions in the field.

Design/methodology/approach

Articles on tourism and hotel demand modeling and forecasting published mostly in both science citation index and social sciences citation index journals were identified and analyzed.

Findings

This review finds that the studies focused on hotel demand are relatively less than those on tourism demand. It is also observed that more and more studies have moved away from the aggregate tourism demand analysis, whereas disaggregate markets and niche products have attracted increasing attention. Some studies have gone beyond neoclassical economic theory to seek additional explanations of the dynamics of tourism and hotel demand, such as environmental factors, tourist online behavior and consumer confidence indicators, among others. More sophisticated techniques such as nonlinear smooth transition regression, mixed-frequency modeling technique and nonparametric singular spectrum analysis have also been introduced to this research area.

Research limitations/implications

The main limitation of this review is that the articles included in this study only cover the English literature. Future review of this kind should also include articles published in other languages. The review provides a useful guide for researchers who are interested in future research on tourism and hotel demand modeling and forecasting.

Practical implications

This review provides important suggestions and recommendations for improving the efficiency of tourism and hospitality management practices.

Originality/value

The value of this review is that it identifies the current trends in tourism and hotel demand modeling and forecasting research and points out future research directions.

Details

International Journal of Contemporary Hospitality Management, vol. 29 no. 1
Type: Research Article
ISSN: 0959-6119

Keywords

Content available
Book part
Publication date: 30 January 1995

Abstract

Details

Economics, Econometrics and the LINK: Essays in Honor of Lawrence R.Klein
Type: Book
ISBN: 978-0-44481-787-7

Book part
Publication date: 27 January 2022

Colin Harris, Andrew Myers, Christienne Briol and Sam Carlen

A discipline is bound by some combination of a shared subject matter, shared theory, and shared technique. Yet modern economics is seemingly without limit to its domain…

Abstract

A discipline is bound by some combination of a shared subject matter, shared theory, and shared technique. Yet modern economics is seemingly without limit to its domain. As a discipline without a shared subject matter, what is the binding force of economics today? The authors combine topic modeling and text analysis to analyze different approaches to inquiry within the discipline of economics. The authors find that the importance of theory has declined as economics has increasingly become defined by its empirical techniques. The authors question whether this trajectory is stable in the long run as the binding force of the discipline.

Details

Contemporary Methods and Austrian Economics
Type: Book
ISBN: 978-1-80262-287-4

Keywords

Book part
Publication date: 1 January 2008

Arnold Zellner

After briefly reviewing the past history of Bayesian econometrics and Alan Greenspan's (2004) recent description of his use of Bayesian methods in managing policy-making…

Abstract

After briefly reviewing the past history of Bayesian econometrics and Alan Greenspan's (2004) recent description of his use of Bayesian methods in managing policy-making risk, some of the issues and needs that he mentions are discussed and linked to past and present Bayesian econometric research. Then a review of some recent Bayesian econometric research and needs is presented. Finally, some thoughts are presented that relate to the future of Bayesian econometrics.

Details

Bayesian Econometrics
Type: Book
ISBN: 978-1-84855-308-8

Article
Publication date: 1 March 2007

Dongsung Kong

This article seeks to (1) identify forecasting techniques used to estimate taxable sales in California counties; (2) analyze which of these produces the most accurate…

Abstract

This article seeks to (1) identify forecasting techniques used to estimate taxable sales in California counties; (2) analyze which of these produces the most accurate estimate; (3) document what prevented officials from using the most accurate forecasting technique in California counties; and (4) determine what forecasting approach would work best for individual counties. This research generally confirms previous research findings that judgmental approaches are the most commonly used method of revenue forecasting in smaller localities. In terms of accuracy, econometric models outperform other quantitative methods, particularly compared to trend line fitting and extrapolation-by-average approaches. The “not now but later” perception in the use of econometric models can be ascribed to California county forecasters’ discomfort and lack of preparation for using this sophisticated technique. Once the critical prerequisites for the use of econometric models are provided -- such as statewide training, timely inter-governmental data sharing, easy access to economic data, and user-friendly forecasting formats with automated procedures -- econometric models can serve the needs of California counties.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 19 no. 2
Type: Research Article
ISSN: 1096-3367

Article
Publication date: 1 April 1997

Giles D’Souza and Arthur Allaway

The marriage of new scanner‐type data sources and new computing and analysis methods is allowing a new approach to the development and use of models for decision support…

1107

Abstract

The marriage of new scanner‐type data sources and new computing and analysis methods is allowing a new approach to the development and use of models for decision support and product line management. Data‐driven modeling describes a process of model‐building wherein models are created that fit the dynamics of the data rather than assuming a priori relationships among brands and their marketing mix elements. Based on a combination of time‐series and econometric modeling methods, these models can significantly improve a modeler’s ability to capture marketplace structure and dynamics. Although more complex than their predecessors, the capabilities of these new data‐driven decision support models make them potentially very powerful tools, improving intuition and managerial understanding while suggesting improved decision alternatives. Develops such a model using detailed multiproduct retail data and demonstrates its capabilities.

Details

Journal of Product & Brand Management, vol. 6 no. 2
Type: Research Article
ISSN: 1061-0421

Keywords

Content available
Book part
Publication date: 2 July 2004

Abstract

Details

Functional Structure and Approximation in Econometrics
Type: Book
ISBN: 978-0-44450-861-4

Abstract

Details

New Directions in Macromodelling
Type: Book
ISBN: 978-1-84950-830-8

Article
Publication date: 14 October 2019

Marianna Oliskevych and Iryna Lukianenko

The purpose of this paper is to investigate the behavior peculiarities of the labor force participation in Eastern European countries.

Abstract

Purpose

The purpose of this paper is to investigate the behavior peculiarities of the labor force participation in Eastern European countries.

Design/methodology/approach

The authors provide the analysis of nonlinearity in dynamics of economic active population and perform the econometric analysis using logistic smooth transition autoregressive models that are flexible and capture various kinds of behavior for different modes. The paper investigates labor markets of six Eastern European countries, Hungary, Bulgaria, Poland, Slovakia, Romania and Croatia that are characterized by lower level of labor force participation rate (LFPR) than average level in EU.

Findings

The results of modeling quantitatively characterize smooth changes in the behavior modes of labor force activity for each country and indicate how population economic activity depends on previous labor market states. The estimated slope parameters that determine the smoothness of transition between regimes show that, in all countries, the labor force participation quite quickly reacts to changes that occurred on the labor market in the past. During recession periods, households of European countries that joint EU last decade in order to prevent the depletion of their total income increased labor supply and showed increased activity in job search.

Originality/value

This paper indicates the nonlinearity and asymmetry in LFPR in transition economies, discovers variety of its dynamics in the different regimes and determines the indicators that cause the change of the population economic activity behavior in each country.

Details

Journal of Economic Studies, vol. 46 no. 6
Type: Research Article
ISSN: 0144-3585

Keywords

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