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On the Investigation of Factors Effecting International Tourist Arrivals to the Cambodian Market: A Static and Dynamic Gravity Approach |
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| รหัสดีโอไอ | |
| Creator | Theara Chhorn |
| Title | On the Investigation of Factors Effecting International Tourist Arrivals to the Cambodian Market: A Static and Dynamic Gravity Approach |
| Publisher | Faculty of Economics, Chulalongkorn University |
| Publication Year | 2560 |
| Journal Title | Southeast Asian Journal of Economics |
| Journal Vol. | 5 |
| Journal No. | 2 |
| Page no. | 115-138 |
| Keyword | Gravity Model, International Tourist Arrivals, Arellano and Bond (1991), GMM, Fixed and Random Effect, Cambodia |
| URL Website | http://www.econ.chula.ac.th/public/publication/journal/sajehome.php |
| Website title | Southeast Asian Journal of Economics |
| ISSN | 2465-5120 |
| Abstract | The paper investigates factors influencing international tourist arrivals into the Cambodian market during the period of 1995 to 2015, covered 32 cross-sectional countries by adopting a static and dynamic gravity approach with respect to fixed effects (FE) and random effects (RE) and the GMM estimator of Arellano and Bond (1991). Our analysis shows that mostly economic factors such as travel cost, GDP per capita and population size are the main sources in attracting international tourist arrivals. The country specific dummy variables are found to be associated with the respects to its significant level. The empirical results demonstrate that one and two step GMM with robust standard errors produces better outcomes and improves the estimated accuracy over a static approach. |
