Unconditional quantile regression analysis of UK inbound tourist expenditures

Abhijit Sharma, Richard Woodward, Stefano Grillini

Research output: Contribution to journalArticle

Abstract

Using International Passenger Survey (2017) data, this paper employs unconditional quantile regression (UQR) to analyse the determinants of tourist expenditure amongst inbound tourists to the United Kingdom. UQR allows us to estimate heterogeneous effects at any quantile of the distribution of the dependent variable. It overcomes the econometric limitations of ordinary least squares and quantile regression based estimates typically used to investigate tourism expenditures. However, our results reveal that the effects of our explanatory variables change across the distribution of tourist expenditure. This has important implications for those tasked with devising policies to enhance the UK’s tourist flows and expenditures.
Original languageEnglish
Article number108857
Number of pages4
JournalEconomics Letters
Volume186
Early online date21 Nov 2019
DOIs
Publication statusPublished - Jan 2020

Fingerprint

Regression analysis
Quantile regression
Tourist expenditure
Tourists
Expenditure
Quantile
Survey data
Ordinary least squares
Econometrics
Tourism

Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 186, (2020) DOI: 10.1016/j.econlet.2019.108857

© 2019, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • Tourist expenditures
  • Unconditional quantile regressions
  • United Kingdom

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Unconditional quantile regression analysis of UK inbound tourist expenditures. / Sharma, Abhijit; Woodward, Richard; Grillini, Stefano.

In: Economics Letters, Vol. 186, 108857, 01.2020.

Research output: Contribution to journalArticle

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