Vol. 5 No. 3-4 (2011)
Articles

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

Published December 31, 2011
Songsak Sriboonchitta
School of Economics, Chiang Mai University, Chiang Mai Thailand
Prasert Chaitip
Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand
Péter Balogh
Department of Economic Analysis and Statistics, Faculty of Applied Economics and Rural Development, Centre of Agricultural and Technical Sciences, University of Debrecen
Sándor Kovács
Department of Economic Analysis and Statistics, Faculty of Applied Economics and Rural Development, Centre of Agricultural and Technical Sciences, University of Debrecen
Chukiat Chaiboonsri
Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand
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APA

Sriboonchitta, S. ., Chaitip, P. ., Balogh , P. ., Kovács , S. ., & Chaiboonsri , C. . (2011). On tests for long memory process behavior of international tourism market: Thailand and India. Applied Studies in Agribusiness and Commerce, 5(3-4), 95-99. https://doi.org/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.