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Long memory behavior in Singapore's tourism market

Long memory behavior in Singapore's tourism market Using nonparametric, semiparametric, and parametric estimation techniques, this paper investigates the presence of long memory in tourist arrivals to Singapore from 11 countries and 4 geographical regions. Empirical analysis of the monthly data from 1978 to 2012 shows that tourist arrivals to Singapore from all countries and regions are subject to long memory behavior. Analysis of the impulse response functions derived from an autoregressive fractionally integrated moving average model shows evidence of persistence in tourist arrivals. Our analysis suggests that visitors consider Singapore as a long‐term tourism destination and like to return to Singapore to relive their experiences. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Tourism Research Wiley

Long memory behavior in Singapore's tourism market

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References (70)

Publisher
Wiley
Copyright
Copyright © 2017 John Wiley & Sons, Ltd.
ISSN
1099-2340
eISSN
1522-1970
DOI
10.1002/jtr.2125
Publisher site
See Article on Publisher Site

Abstract

Using nonparametric, semiparametric, and parametric estimation techniques, this paper investigates the presence of long memory in tourist arrivals to Singapore from 11 countries and 4 geographical regions. Empirical analysis of the monthly data from 1978 to 2012 shows that tourist arrivals to Singapore from all countries and regions are subject to long memory behavior. Analysis of the impulse response functions derived from an autoregressive fractionally integrated moving average model shows evidence of persistence in tourist arrivals. Our analysis suggests that visitors consider Singapore as a long‐term tourism destination and like to return to Singapore to relive their experiences.

Journal

International Journal of Tourism ResearchWiley

Published: Sep 1, 2017

Keywords: ; ; ; ;

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