Is Participation in Tourism Market an Opportunity for Everyone? Some Evidence from Italy

25 Pages Posted: 3 Mar 2014

See all articles by Cristina Bernini

Cristina Bernini

Department of Statistical Sciences, University of Bologna

Maria Francesca Cracolici

Business and Statistics

Date Written: March 3, 2014

Abstract

Exploring the main determinants of tourism participation at national and international level, the paper investigates if there are differences in tourism consumption behavior among Italian families which reflect disparities in their standard of living. To achieve this a Heckman model has been used on a huge sample of Italian households over the period 1997-2007. Results show that participation in the tourism market is strongly affected by the personal characteristics of individuals and that tourism consumption is an income sensitive good. The analysis reveals that tourism is generally a luxury good reflecting the disparities in the standard of living among Italian families. We have found that participation in the tourism market is affected not only by economic constraints, but also by cultural and territorial factors.

Keywords: Tourism Consumption, Income Elasticity, Household Characteristics, Domestic and International Travels, Standard of Living

JEL Classification: D10, C23, C24, L83

Suggested Citation

Bernini, Cristina and Cracolici, Maria Francesca, Is Participation in Tourism Market an Opportunity for Everyone? Some Evidence from Italy (March 3, 2014). FEEM Working Paper No. 17.2014. Available at SSRN: https://ssrn.com/abstract=2403698 or http://dx.doi.org/10.2139/ssrn.2403698

Cristina Bernini

Department of Statistical Sciences, University of Bologna ( email )

via Belle Arti 41
Bologna
Italy

Maria Francesca Cracolici (Contact Author)

Business and Statistics ( email )

Via Festa del Perdono, 7
Milan, 20122
Italy

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