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This study assumes that tourists' demand reactions to income and price changes are asymmetric at different phases of the business cycle. In order to test this hypothesis, we analyzed the demand for international tourism in five source markets using a modified growth rate (MGR) model. The empirical...

Smeral, E.; Song HaiYan
Wiley-Blackwell, Chichester, UK
International Journal of Tourism Research, 2015, 17, 2, pp 140-150