A panel data regression analysis of the determinants of tourist arrivals in the Philippines using quarterly data from 1991-2004

Date of Publication

2005

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Arts Major in Economics

Subject Categories

Economics

College

Ramon V. Del Rosario College of Business

Department/Unit

Economics

Thesis Adviser

Sandy Vicente

Defense Panel Member

Ponciano Intal

Emily Cabegin

Abstract/Summary

The Philippine's tourism potential is acknowledged to be significant since it accounts to approximately 40% of the national income. However, the tourism sector in the country proves to be highly underdeveloped. This paper uses panel data for the period 1991 to 2004 to identify the determinants of tourism arrivals in the Philippines, taking into account the top ten tourist sources of the country namely the United States, Japan, Korea, Hong Kong, Malaysia, Australia, Singapore, Canada, United Kingdom, and Germany. The results strongly suggest that effective exchange rates, share prices, CPI, GDP of country of origin, and seasonality are key determinants of travel to the Philippines. It is therefore recommended that attention should be given to these determinants so as to achieve an overall improvement in the Philippine tourism industry.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU14253

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

71, [45] leaves : ill. (some col.) ; 28 cm.

Keywords

Tourist trade--Philippines

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