An Empirical Comparison of Systems of Demand Equations for Tourist Expenditures in Resort Destinations

Edwin T. Fujii, Mohammed Khaled () and James Mak
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Edwin T. Fujii: Department of Economics, University of Hawaii
James Mak: Department of Economics, University of Hawaii

Philippine Review of Economics, 1987, vol. 24, issue 1&2, 79-102

Abstract: In this paper, we employ the systems approach to the estimation of demand equations. We model visitor expenditures on six different categories of goods at a major resort destination,Hawaii.This study breaks new ground in several respects: (a) we apply systems estimation techniques to a new area -- detailed budget data on visitor expenditures at a given resort destination, (b) we compare elasticities generated by the linear expenditure system and the Rotterdam model with the almost ideal demand system, a new functional form that has not been extensively tested empirically, and (c) we improve on a method suggested by Parks to measure goodness of fit in the Rotterdam model.

Date: 1987
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