English, Article edition: Outbound Business Travel Depends on Business Returns: Australian Evidence Darrian Collins; Clem Tisdell

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Bookmark: http://trove.nla.gov.au/version/167085
Physical Description
  • article
Language
  • English

Edition details

Title
  • Outbound Business Travel Depends on Business Returns: Australian Evidence
Author
  • Darrian Collins
  • Clem Tisdell
Physical Description
  • article
Notes
  • In an earlier note, Collins and Tisdell (2002b) explored the possibility of a long-run relationship between Australian business returns and international business travel. Using annual data they found that such a relationship exists. The purpose of this study is to further examine this relationship using quarterly data for the time frame 1974:1 to 1999:4. In addition, previous studies on international business travel have offered some but not strong evidence for the existence of a positive relationship between the level of international business travel and real GDP of the origin country. This study suggests that the aggregate return on business investments is a better predictor of international business travel than GDP. The Engle-Granger and Johansen's maximum-likelihood cointegration procedures are used to show a long-term relationship exists between Australian outbound business travel and Australian business returns, but not with Real Australian GDP. Reasons for this relationship are discussed. Copyright Blackwell Publishing Ltd/​University of Adelaide and Flinders University of South Australia 2004.
  • RePEc:bla:ausecp:v:43:y:2004:i:2:p:192-207
Language
  • English
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