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On tests for long-term dependence: India ’s international tourism market
Published:
2011-06-30
https://doi.org/10.19041/APSTRACT/2011/1-2/13
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APA
Chaitip, P. ., Balogh, P. ., Kovács , S., & Chaiboonsri, C. . (2011). On tests for long-term dependence: India ’s international tourism market. Applied Studies in Agribusiness and Commerce, 5(1-2), 109-113. https://doi.org/10.19041/APSTRACT/2011/1-2/13
Abstract
There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the behavior of India’s international tourism market based on long-memory analysis. The international tourism market of India combined with nine countries: USA, UK, Canada, Germany, France, Japan, Malaysia, Australia and Sri Lanka. Moreover, three statistical tests for longmemory process such as R/S test, Modified R/S test and GPH-test are employed to test in these market. The empirical findings in general provide more support for no long memory process or no long-term dependence in international tourism market of India.
