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Examining the link between meetings, incentive, exhibitions, and conventions (MICE) and tourism demand using generalized methods of moments (GMM): the case of Singapore
Lim,Christine1; Zhu,Liang2
2018-09-02
Source PublicationJournal of Travel and Tourism Marketing
ABS Journal Level2
ISSN10548408
Volume35Issue:7Pages:846-855
Abstract

This study investigates the impact of meetings, incentive, exhibitions, and conventions (MICE) on tourism demand in Singapore over a period of 10 years (2003–2012). Past studies have shown that MICE matters a great deal to host destinations but researchers have rarely conducted any empirical research to verify the significance of this sector to tourism demand. Our study intends to fill the gap by using Difference and System generalized methods of moments (GMM) estimators for dynamic panel models. Tourism demand is measured by tourist arrivals from the top 30 origins, and the influence of real income of the tourist generating country and real exchange rate is also examined. The GMM results show a significant positive relationship between tourism demand and MICE (with international meetings as proxies). Additionally, the findings reveal that tourism demand growth is significantly positive (negative) with respect to changes in income (relative prices). The coefficient of lagged tourist arrivals indicates a high level of habit persistence and revisiting.

KeywordDynamic Panel Models Economic Determinants Generalized Methods Of Moments Gmm Estimators Meetings, Incentive, Exhibitions And Conventions Mice Tourism Demand
DOI10.1080/10548408.2018.1435334
URLView the original
Language英語English
WOS IDWOS:000441660800002
Scopus ID2-s2.0-85042101728
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Citation statistics
Document TypeJournal article
CollectionUniversity of Macau
Corresponding AuthorZhu,Liang
Affiliation1.Faculty of Business Administration,University of Macau,,Taipa,Macao
2.Division of International Economics & Trade,College of Economics,Shenzhen University,,Shenzhen,518000,China
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Lim,Christine,Zhu,Liang. Examining the link between meetings, incentive, exhibitions, and conventions (MICE) and tourism demand using generalized methods of moments (GMM): the case of Singapore[J]. Journal of Travel and Tourism Marketing, 2018, 35(7), 846-855.
APA Lim,Christine., & Zhu,Liang (2018). Examining the link between meetings, incentive, exhibitions, and conventions (MICE) and tourism demand using generalized methods of moments (GMM): the case of Singapore. Journal of Travel and Tourism Marketing, 35(7), 846-855.
MLA Lim,Christine,et al."Examining the link between meetings, incentive, exhibitions, and conventions (MICE) and tourism demand using generalized methods of moments (GMM): the case of Singapore".Journal of Travel and Tourism Marketing 35.7(2018):846-855.
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