On tests for long-term dependence: India ’s international tourism market

There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the behavior of India’s international tourism market based on long-memory analysis. The international tourism market of India combined with nine countries: USA, UK, Canada, German...

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Published inAPSTRACT: Applied Studies in Agribusiness and Commerce Vol. 5; no. 1-2; pp. 109 - 113
Main Authors Chaitip, Prasert, Balogh, Péter, Kovács, Sándor, Chaiboonsri, Chukiat
Format Journal Article
LanguageEnglish
Published University of Debrecen 30.06.2011
Subjects
India
International Tourism Market
Long-memory process
Long-term dependence
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Summary:There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the behavior of India’s international tourism market based on long-memory analysis. The international tourism market of India combined with nine countries: USA, UK, Canada, Germany, France, Japan, Malaysia, Australia and Sri Lanka. Moreover, three statistical tests for longmemory process such as R/S test, Modified R/S test and GPH-test are employed to test in these market. The empirical findings in general provide more support for no long memory process or no long-term dependence in international tourism market of India.
ISSN:1789-221X
1789-7874
DOI:10.19041/APSTRACT/2011/1-2/13