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Analysis of International Tourism Demand for Cambodia

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Econometrics of Risk

Part of the book series: Studies in Computational Intelligence ((SCI,volume 583))

Abstract

This study uses fixed–effect and random–effect models to analyze six sets of panel data over the period of 17 years (1996–2012) in order to investigate determinant factors that could affect international tourism demand for Cambodia. We find that the GDP per capita of the origin countries in the previous year has a significant and positive effect on international tourist arrivals to Cambodia, except for tourist arrivals from ASEAN and Europe. Higher relative prices in Cambodia have a significant and negative effect on tourist arrivals to Cambodia, except for tourist arrivals from Oceania and Europe. Appreciated Cambodian riel has a significant and negative effect on tourist arrivals from Oceania and North America, but has a significant and positive effect on tourist arrivals from Europe. Transportation cost has a significant and positive effect on tourist arrivals from Asia and Europe. This may suggest that tourists from these two regions are less sensitive to the transportation cost compared with other factors that drive them to visit Cambodia. The dummy variables which represent the significant events all yield the expected signs.

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Acknowledgments

We would like to thank Associate Professor Dr. Komsan Suriya from the Faculty of Economics, Chiang Mai University for his valuable comments on the methodology of this study.

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Authors and Affiliations

  1. Faculty of Economics, Chiang Mai University, Chiang Mai, 50200, Thailand

    Chantha Hor & Nalitra Thaiprasert

Authors
  1. Chantha Hor
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  2. Nalitra Thaiprasert
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Correspondence to Chantha Hor .

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Editors and Affiliations

  1. Japan Advanced Institute of Science and Technology, Nomi, Japan

    Van-Nam Huynh

  2. Department of Computer Science, University of Texas at El Paso, El Paso, Texas, USA

    Vladik Kreinovich

  3. Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand

    Songsak Sriboonchitta

  4. Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand

    Komsan Suriya

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Hor, C., Thaiprasert, N. (2015). Analysis of International Tourism Demand for Cambodia . In: Huynh, VN., Kreinovich, V., Sriboonchitta, S., Suriya, K. (eds) Econometrics of Risk. Studies in Computational Intelligence, vol 583. Springer, Cham. https://doi.org/10.1007/978-3-319-13449-9_28

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  • DOI: https://doi.org/10.1007/978-3-319-13449-9_28

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-13448-2

  • Online ISBN: 978-3-319-13449-9

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