About: The analysis of the relationships of Korean outbound tourism demand: Jeju Island and three international destinations

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Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	The analysis of the relationships of Korean outbound tourism demand: Jeju Island and three international destinations
Creator	Yu, Larry Park, Sung Seo, Joo
Source	Elsevier; Medline; PMC
abstract	Abstract This paper investigates the determinants of the relationship among Korean outbound tourism demand for Jeju Island and three other Asian island countries using the multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) and Vector Error Correction (VEC) models. It is found that pairwise conditional correlations among tourism demand for Jeju, Thailand, Singapore and the Philippines are not constant but time-varying. Estimated conditional correlations among Jeju and the three Asian countries are negative over some time periods. This implies that the three Asian countries are substitutes for Jeju in certain specific time horizons. The VEC model is used to investigate the short-run and long-run dynamic relationships and the results reveal that Industrial Production Index and real exchange rates had the positive or negative impact on conditional correlations of tourism demand for these destinations. Tourism policy implications are discussed for managing tourism demand for these destinations.
has issue date	2009-08-31(xsd:dateTime)
bibo:doi	10.1016/j.tourman.2008.10.013
bibo:pmid	32287730
has license	els-covid
sha1sum (hex)	38ae41435cfa3bbbe259a5348cab773e88f6d7a5
schema:url	https://doi.org/10.1016/j.tourman.2008.10.013
resource representing a document's title	The analysis of the relationships of Korean outbound tourism demand: Jeju Island and three international destinations
has PubMed Central identifier	PMC7115620
has PubMed identifier	32287730
schema:publication	Tourism Management
resource representing a document's body	covid:38ae41435cfa3bbbe259a5348cab773e88f6d7a5#body_text
is schema:about of	named entity 'dynamic' named entity 'time-varying' named entity 'destinations' named entity 'ISLAND' named entity 'RELATIONSHIPS' named entity 'INDEX' named entity 'SHORT' named entity 'REVEAL' named entity 'TIME' named entity 'TOURISM' named entity 'VARYING' named entity 'ERROR CORRECTION' named entity 'RUN' named entity 'TIME PERIODS' named entity 'MANAGING' named entity 'ESTIMATED' named entity 'KOREAN' named entity 'INVESTIGATES' named entity 'SINGAPORE' named entity 'POLICY' named entity 'COUNTRIES' named entity 'DEMAND' named entity 'DYNAMIC' named entity 'JEJU' named entity 'MODEL' named entity 'INDUSTRIAL' named entity 'POSITIVE' named entity 'JEJU' named entity 'FOUND' named entity 'VECTOR' named entity 'SPECIFIC' covid:arg/38ae41435cfa3bbbe259a5348cab773e88f6d7a5 named entity 'USING' named entity 'THE PHILIPPINES' named entity 'CONSTANT' named entity 'THESE' named entity 'RESULTS' named entity 'KOREAN' named entity 'INTERNATIONAL' named entity 'ISLAND' named entity 'TOURISM' named entity 'PAPER' named entity 'CONDITIONAL' named entity 'THAILAND' named entity 'MODELS' named entity 'VEC' named entity 'CERTAIN' named entity 'TO INVESTIGATE' named entity 'IMPACT' named entity 'ASIAN COUNTRIES' named entity 'OTHER ASIAN' named entity 'CORRELATIONS' named entity 'PRODUCTION' named entity 'BUT' named entity 'USED' named entity 'REAL' named entity 'GENERALIZED' named entity 'NEGATIVE' named entity 'EXCHANGE RATES' named entity 'RELATIONSHIP' named entity 'ANALYSIS' named entity 'RELATIONSHIPS' named entity 'DEMAND' named entity 'LONG' named entity 'DETERMINANTS' named entity 'specific' named entity 'Jeju' named entity 'policy' named entity 'Error Correction' named entity 'managing' named entity 'negative' named entity 'island countries' named entity 'Singapore' named entity 'Vector' named entity 'Singapore' named entity 'policy implications' named entity 'Jeju Island' named entity 'time' named entity 'Asian'

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