Elasticities of demand for tourism in Nigeria: an ARDL approach

• Abiodun S. Bankole ^[1] ; M. Adetunji Babatunde ^[1]
  1. [1] University of Ibadan

     University of Ibadan

     Nigeria

     
• Localización: Tourism analysis, ISSN 1083-5423, Vol. 15, Nº. 4, 2010, págs. 489-496
• Idioma: inglés
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• Resumen

  • This study empirically examines aggregate tourism demand function for Nigeria between 1995 and 2005 using quarterly data. The total tourist arrivals into Nigeria are related to world income, relative prices, and transportation cost. The ARDL approach is employed to compute the shortand long-run elasticities of income, price, and transportation cost variables and the CUSUM and CUSUMSQ is implemented for stability tests on the aggregate tourism demand function. The empirical results indicate that income, transportation cost, and relative prices are the variables explaining the total tourist arrivals to Nigeria and a stable tourism demand function exists.