Search results for "tourism expenditure"
showing 8 items of 8 documents
Micro and Macro Resilience Measures of an Economic Crisis
2020
Using Italian Households Budget Survey data over the period 1997-2013, a Cragg model in a life-cycle context is specified to compare the consumption behaviour in the pre- and post-crisis time and develop different micro and macro measures of resilience against crisis shocks. Cohort profiles for participation in and for consumption of tourism services in the pre- and post-crisis time are determined so as to explore the households’ resilience by generations. Next, the households’ resilience according to socio-demographic characteristics is addressed. As for the macro-resilience, combining individual expenditure elasticity, we examine whether and how Italian regions have responded to the recen…
Demographic change, tourism expenditure and life cycle behavior
2015
Abstract The paper explores how demographic changes in human populations may impact on tourism decision-making of households over their life cycle. By means of hurdle models, the study focuses respectively on the decision to travel domestically or abroad and investigates if statistically significant differences exist as to the impact of age and cohort on the decision to travel and tourism expenditure. Using a vast dataset on Italian Household Expenditures over the period 1997–2007 the empirical results show that demographic aspects do have a strong effect on the tourism behaviour of families and that cohort and age effects act differently on the decision of households to make a trip and on …
Does Tourism Consumption Behaviour Mirror Differences in Living Standards?
2016
Based on the theoretical foundation of well-being measurement, the study explores differences in living standards by analysing the distribution of tourism expenditure. A mixture of regression models is used to explore the heterogeneity in tourism consumption by identifying groups of families with similar tourism consumption behaviour as a function of certain socio-demographic and economic factors. The empirical analysis, performed on Italian expenditure data, suggests that there are three different patterns of consumption behaviour conditional to the socio-demographic and economic covariates in the tourism market and that differences in tourism consumption between groups of households mirro…
Scad-elastic net and the estimation of individual tourism expenditure determinants
2014
This paper introduces the use of scad-elastic net in the assessment of the determinants of individual tourist spending. This technique approaches two main estimation-related issues of primary importance. So far studies of tourism literature have made a wide use of classic regressions, whose results might be affected by multicollinearity. In addition, because of the absence of robust economic theory on tourism behavior, regressor selection is often left to researcher's choice when not driven by non-optimal automatic criteria. Scad-elastic net is an OLS model that accounts for both these problems by including two types of parameters constraints, namely the smoothly clipped absolute deviation …
Place-based attributes and spatial expenditure behavior in tourism
2017
In recent discussions on local sustainable development, notions like “local for local” and “home bias” have often played a role. The purpose of this paper is to investigate whether preferences for specific place-based attributes might constrain or support tourism participation and tourism destination choice of distinct socioeconomic groups of visitors. To test this proposition, a large data set from the Italian Households Budget Survey for the period 1997–2007 has been used and, by means of the double-hurdle model, tourism participation and expenditure are modeled over the life-cycle of tourists. These data are next merged with location-specific attributes including natural amenities and in…
Can Nationality Explain Economic Tourist Behaviour? A Thematic Review
2022
Numerous studies focus on the determinants of choices regarding tourism consumption utilizing several methods, different data sources, with diverse results. And the notion of considering nationality as an influential factor in tourism expenditure has been considered very often in the literature. This work examines this relationship between nationality and tourism expenditure by means of a thematic review approach. The results suggest the critical role played by nationality in understanding the determinants of tourism expenditure.
INEQUALITIES AND TOURISM CONSUMPTION BEHAVIOUR: A MIXTURE MODEL ANALYSIS
2015
The criticism of income as a measure of well-being and trends in living standards is well known and recently scholars have been involved in defining measures to better assess material well-being and differences in living standards. Recent evidence shows that individuals improve their well-being significantly if they are able to spend on higher-order goods and services like tourism and leisure activities. In the light of that, our study proposes to explore differences in living standards in Italy by analysing the distribution of tourism expenditure. For this aim, Mixtures of Regression Models were used in order to investigate whether there is an unobserved heterogeneity in tourism consumptio…
L'Economia del Turismo della Regione Toscana
2022
Analysis of the tourism economies of a region is relevant for determining the policies and effects of tourism on the productive and economic system. For the Tuscany region, the main economic indicators are analysed using panel data and checking their development and growth dynamics. The article analyses data on tourism spending, balance of payments and impacts, with reference to both ISTAT data and estimates of ignored tourism in the region.