Identifying structural changes and regime switching in growing and declining inbound tourism markets in Australia
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DOI: 10.1080/13683500.2015.1072504
Abstract: This paper examines the dynamic changes in the number of tourists arriving in Australia from 53 markets using monthly data (1991m1–2014m4). A modified capital asset pricing model incorporating Markov switching and Bai–Perron search models is… read more here.
Keywords: structural changes; tourism; changes regime; regime switching ... See more keywords