Multicollinearity in Tourism Demand Model : Evidence from Indonesia

The demand for tourism in Indonesia continues to increase every year but cannot reach the predetermined target. Studies on tourism demand have been done a lot, especially in Indonesia.The selection of the dependent variable in tourism demand is not problematic and acceptable, however, the selection...

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Main Authors: Wasiaturrahma, Dr, Hilda Rohmawati, -
Format: Article PeerReviewed
Language:English
Indonesian
English
Indonesian
Published: Universitas Negeri Semarang 2021
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Online Access:https://repository.unair.ac.id/117338/1/Wasiaturrahma_Artikel302_Multicollinearity-in-Tourism.pdf
https://repository.unair.ac.id/117338/2/Wasiaturrahma_PeerReview302.pdf
https://repository.unair.ac.id/117338/4/Wasiaturrahma_Similarity302_Multicollinearity-in-Tourism.pdf
https://repository.unair.ac.id/117338/5/Wasiaturrahma_KesesuaianBidangIlmu_C-3.2.pdf
https://repository.unair.ac.id/117338/
https://journal.unnes.ac.id/sju/index.php/edaj/article/view/42078
https://doi.org/10.15294/edaj.v10i1.42078
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Institution: Universitas Airlangga
Language: English
Indonesian
English
Indonesian
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spelling id-langga.1173382022-10-18T02:25:30Z https://repository.unair.ac.id/117338/ Multicollinearity in Tourism Demand Model : Evidence from Indonesia Wasiaturrahma, Dr Hilda Rohmawati, - H Social Sciences HD Industries. Land use. Labor HD5701-6000.9 Labor market. Labor supply. Labor demand The demand for tourism in Indonesia continues to increase every year but cannot reach the predetermined target. Studies on tourism demand have been done a lot, especially in Indonesia.The selection of the dependent variable in tourism demand is not problematic and acceptable, however, the selection of the independent variable is still unclear. This study aims to provide an appropriate Indonesian tourism demand model and analyze the determinants of tourism demand in Indonesia. The estimation technique used is a static panel regression. The results of this study prove that there is multicollinearity in the tourism demand model when exchange rate and relative price are combined into one model, showing that relative price are good proxies in representing tourism price, and showing that substitution price are the main determinants of tourism demand in Indonesia. The policy implications recommended in this study are monitoring the economic growth of the origin countries of most tourists visiting Indonesia, improving the qual ity of Indonesian tourism, and developing the Wonderful Indonesia program. Universitas Negeri Semarang 2021 Article PeerReviewed text en https://repository.unair.ac.id/117338/1/Wasiaturrahma_Artikel302_Multicollinearity-in-Tourism.pdf text id https://repository.unair.ac.id/117338/2/Wasiaturrahma_PeerReview302.pdf text en https://repository.unair.ac.id/117338/4/Wasiaturrahma_Similarity302_Multicollinearity-in-Tourism.pdf text id https://repository.unair.ac.id/117338/5/Wasiaturrahma_KesesuaianBidangIlmu_C-3.2.pdf Wasiaturrahma, Dr and Hilda Rohmawati, - (2021) Multicollinearity in Tourism Demand Model : Evidence from Indonesia. Economics Development Analysis Journal, 10 (1). pp. 551-566. ISSN 2252-6560 https://journal.unnes.ac.id/sju/index.php/edaj/article/view/42078 https://doi.org/10.15294/edaj.v10i1.42078
institution Universitas Airlangga
building Universitas Airlangga Library
continent Asia
country Indonesia
Indonesia
content_provider Universitas Airlangga Library
collection UNAIR Repository
language English
Indonesian
English
Indonesian
topic H Social Sciences
HD Industries. Land use. Labor
HD5701-6000.9 Labor market. Labor supply. Labor demand
spellingShingle H Social Sciences
HD Industries. Land use. Labor
HD5701-6000.9 Labor market. Labor supply. Labor demand
Wasiaturrahma, Dr
Hilda Rohmawati, -
Multicollinearity in Tourism Demand Model : Evidence from Indonesia
description The demand for tourism in Indonesia continues to increase every year but cannot reach the predetermined target. Studies on tourism demand have been done a lot, especially in Indonesia.The selection of the dependent variable in tourism demand is not problematic and acceptable, however, the selection of the independent variable is still unclear. This study aims to provide an appropriate Indonesian tourism demand model and analyze the determinants of tourism demand in Indonesia. The estimation technique used is a static panel regression. The results of this study prove that there is multicollinearity in the tourism demand model when exchange rate and relative price are combined into one model, showing that relative price are good proxies in representing tourism price, and showing that substitution price are the main determinants of tourism demand in Indonesia. The policy implications recommended in this study are monitoring the economic growth of the origin countries of most tourists visiting Indonesia, improving the qual ity of Indonesian tourism, and developing the Wonderful Indonesia program.
format Article
PeerReviewed
author Wasiaturrahma, Dr
Hilda Rohmawati, -
author_facet Wasiaturrahma, Dr
Hilda Rohmawati, -
author_sort Wasiaturrahma, Dr
title Multicollinearity in Tourism Demand Model : Evidence from Indonesia
title_short Multicollinearity in Tourism Demand Model : Evidence from Indonesia
title_full Multicollinearity in Tourism Demand Model : Evidence from Indonesia
title_fullStr Multicollinearity in Tourism Demand Model : Evidence from Indonesia
title_full_unstemmed Multicollinearity in Tourism Demand Model : Evidence from Indonesia
title_sort multicollinearity in tourism demand model : evidence from indonesia
publisher Universitas Negeri Semarang
publishDate 2021
url https://repository.unair.ac.id/117338/1/Wasiaturrahma_Artikel302_Multicollinearity-in-Tourism.pdf
https://repository.unair.ac.id/117338/2/Wasiaturrahma_PeerReview302.pdf
https://repository.unair.ac.id/117338/4/Wasiaturrahma_Similarity302_Multicollinearity-in-Tourism.pdf
https://repository.unair.ac.id/117338/5/Wasiaturrahma_KesesuaianBidangIlmu_C-3.2.pdf
https://repository.unair.ac.id/117338/
https://journal.unnes.ac.id/sju/index.php/edaj/article/view/42078
https://doi.org/10.15294/edaj.v10i1.42078
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