2015
DOI: 10.1016/j.tourman.2015.01.006
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Micro-economic determinants of tourist expenditure: A quantile regression approach

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Cited by 151 publications
(140 citation statements)
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References 47 publications
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“…Th e R 2 value (0.719) shows high explanatory power of our model. Our results confi rm previous evidence on socio-economic characteristics, gender and education level are not found to signifi cantly infl uence holiday expenditure (Marrocu et al 2015, Wang et al 2006, and as for age, we fi nd a small positive eff ect; in particular it possible to show that older visitors spend more than younger ones. Focusing on the occupation status, we fi nd that unemployed and the students spend less than employed tourists.…”
Section: Linear Regression Modelsupporting
confidence: 91%
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“…Th e R 2 value (0.719) shows high explanatory power of our model. Our results confi rm previous evidence on socio-economic characteristics, gender and education level are not found to signifi cantly infl uence holiday expenditure (Marrocu et al 2015, Wang et al 2006, and as for age, we fi nd a small positive eff ect; in particular it possible to show that older visitors spend more than younger ones. Focusing on the occupation status, we fi nd that unemployed and the students spend less than employed tourists.…”
Section: Linear Regression Modelsupporting
confidence: 91%
“…Recently, Hung et al (2012) and Marcussen, (2011) have used of Ordinary Lest Squares OLS estimation, in order to consider only the average response of tourist expenditure to changes in its determinants while possible diff erences among consumer segments are overlooked. More recently, quantile regression was adopted in tourism study by Chen and Chang (2012) on the infl uence of travel agents in Taiwan, and by Marrocu et al (2015) on the eff ect of the main determinants of tourist expenditure to non -resident tourists in Sardinia. Abbruzzo et al (2014) have introduced the use of graphical models for assessing the determinants of individual tourist spending in Uruguay, emphasizing with these models have the advantage of synthesizing and visualizing the relationships occurring within large sets of random variables, through an easy interpret output.…”
Section: Literature Reviewmentioning
confidence: 99%
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“…As pointed out in the literature, QR's ability to highlight the significance of each independent variable on the dependent variable across the full spectrum of the distribution is especially helpful in exploring the spending behavior of tourists 43]. This salient feature allows policy makers to better allocate marketing resources.…”
Section: Discussionmentioning
confidence: 99%
“…At the household or family level, economic theory typically depicts consumption level as being determined by socioeconomic and travel-related factors [32] [43]. In this study, we adopted individual per-day shopping expenditures as the dependent variable and two distinct groups as independent variables: 1) socio-demographic factors such as gender, age, education, occupation, personal income, and residence; and 2) travel-related factors.…”
Section: Model Specification and Methodologymentioning
confidence: 99%