Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach

The demand for tourism in Indonesia which continues to increase every year is actually still not able to reach the predetermined target. In the Other hand there is still no research comparing proxies for calculating tourism prices (exchange rates and relative prices) in one study. The calculation of...

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Main Authors: Wasiaturrahma, Dr, Hilda Rohmawati, -
Format: Article PeerReviewed
Language:English
Indonesian
English
Indonesian
Published: Fakultas Ekonomi, Universitas Negeri Semarang 2021
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Online Access:https://repository.unair.ac.id/117355/1/Wasiaturrahma_Artikel407_Analysis-of-International.pdf
https://repository.unair.ac.id/117355/2/Wasiaturrahma_PeerReview407.pdf
https://repository.unair.ac.id/117355/4/Wasiaturrahma_Similarity407_Analysis-of-International.pdf
https://repository.unair.ac.id/117355/5/Wasiaturrahma_KesesuaianBidangIlmu_C-4.7.pdf
https://repository.unair.ac.id/117355/
https://journal.unnes.ac.id/sju/index.php/jeec/article/view/52209
http://dx.doi.org/10.15294/JEEC.V10I2.52209
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spelling id-langga.1173552022-10-18T02:21:18Z https://repository.unair.ac.id/117355/ Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach 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 which continues to increase every year is actually still not able to reach the predetermined target. In the Other hand there is still no research comparing proxies for calculating tourism prices (exchange rates and relative prices) in one study. The calculation of substitution prices for each of the countries studied tends to be the same. But each country has different characteristics and different tastes, so the country of substitution must be distinguished for each country. This study analyzes the demand for international tourism in Indonesia with 106 countries visiting Indonesia the most. The data used in this study is cross section data in 2018. The analytical technique used in this study is OLS. This study uses two models, namely model 1 using relative prices as a proxy for tourism prices and model 2 using exchange rates with cross exchange rate calculations as proxies for calculating tourism prices. Relative price is considered a suitable variable to be used as a proxy for calculating tourism prices because it takes into account the CPI for each country. The model that includes the relative price variable also has a higher goodness of fit, so the relative price can be used as a proxy for tourism prices Fakultas Ekonomi, Universitas Negeri Semarang 2021 Article PeerReviewed text en https://repository.unair.ac.id/117355/1/Wasiaturrahma_Artikel407_Analysis-of-International.pdf text id https://repository.unair.ac.id/117355/2/Wasiaturrahma_PeerReview407.pdf text en https://repository.unair.ac.id/117355/4/Wasiaturrahma_Similarity407_Analysis-of-International.pdf text id https://repository.unair.ac.id/117355/5/Wasiaturrahma_KesesuaianBidangIlmu_C-4.7.pdf Wasiaturrahma, Dr and Hilda Rohmawati, - (2021) Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach. Journal of Economic Education, 10 (2). pp. 158-172. ISSN 2301-7341, eISSN 2502-4485 https://journal.unnes.ac.id/sju/index.php/jeec/article/view/52209 http://dx.doi.org/10.15294/JEEC.V10I2.52209
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, -
Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
description The demand for tourism in Indonesia which continues to increase every year is actually still not able to reach the predetermined target. In the Other hand there is still no research comparing proxies for calculating tourism prices (exchange rates and relative prices) in one study. The calculation of substitution prices for each of the countries studied tends to be the same. But each country has different characteristics and different tastes, so the country of substitution must be distinguished for each country. This study analyzes the demand for international tourism in Indonesia with 106 countries visiting Indonesia the most. The data used in this study is cross section data in 2018. The analytical technique used in this study is OLS. This study uses two models, namely model 1 using relative prices as a proxy for tourism prices and model 2 using exchange rates with cross exchange rate calculations as proxies for calculating tourism prices. Relative price is considered a suitable variable to be used as a proxy for calculating tourism prices because it takes into account the CPI for each country. The model that includes the relative price variable also has a higher goodness of fit, so the relative price can be used as a proxy for tourism prices
format Article
PeerReviewed
author Wasiaturrahma, Dr
Hilda Rohmawati, -
author_facet Wasiaturrahma, Dr
Hilda Rohmawati, -
author_sort Wasiaturrahma, Dr
title Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
title_short Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
title_full Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
title_fullStr Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
title_full_unstemmed Analysis of International Tourism Demand in Indonesia: An Ordinary Least Square (OLS) Approach
title_sort analysis of international tourism demand in indonesia: an ordinary least square (ols) approach
publisher Fakultas Ekonomi, Universitas Negeri Semarang
publishDate 2021
url https://repository.unair.ac.id/117355/1/Wasiaturrahma_Artikel407_Analysis-of-International.pdf
https://repository.unair.ac.id/117355/2/Wasiaturrahma_PeerReview407.pdf
https://repository.unair.ac.id/117355/4/Wasiaturrahma_Similarity407_Analysis-of-International.pdf
https://repository.unair.ac.id/117355/5/Wasiaturrahma_KesesuaianBidangIlmu_C-4.7.pdf
https://repository.unair.ac.id/117355/
https://journal.unnes.ac.id/sju/index.php/jeec/article/view/52209
http://dx.doi.org/10.15294/JEEC.V10I2.52209
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