On tests for long memory process behavior of international tourism market: Thailand and India

Songsak  Sriboonchitta; Prasert  Chaitip; Péter  Balogh; Sándor  Kovács; Chukiat  Chaiboonsri

doi:10.19041/APSTRACT/2011/3-4/16

In our research we examine the behaviour of both Thailand’s and India’s international tourism market by using long-memory analysis. The international tourism market of Thailand combined with seven groups such as East Asia, Europe, The Americas, South Asia, Oceania, Middle East and Africa. Similarly, 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 long-memory process such as R/S test, Modified R/S test and GPH-test are employed to study these markets. The empirical findings in general provide more support for long memory process in international tourism market of Thailand and evidence for short-term dependence in international tourism market of India. Therefore, the policy makers of each country should understand the behaviour of long memory process in international tourism market before launching any stimulating campaign to this industry.

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Applied Studies in Agribusiness and Commerce

Vol. 5 No. 3-4 (2011)

On tests for long memory process behavior of international tourism market: Thailand and India

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Name	Dr. Krisztián Kovács
E-mail:	kovacs.krisztian@econ.unideb.hu

Online:	1789-7874
Print:	1789-221X