Is Domestic Travel a Normal Good?
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This paper examines whether domestic travel strengthens the economy. However it also considers the scientific methodology of economics, which dictates that to understand the effect of personal disposable income on domestic travel, it is necessary to explore the literature that have analyzed this relationship. This paper seeks to explore the effect of disposable income on domestic travel, via economic theories and modeling.
From the Paper:"Literature Survey Many papers have analyzed the determinant of travel in the context of understanding tourism demand or trying to determine international travel trends so as to quantify how much residents spend by vacation. This paper will differ from that analysis, since the main aim is to determine the true nature of the relationship between disposable income and domestic travel. While examining the main hypothesis of whether increases in disposable income, causes an increase in domestic travel; a sub-hypothesis is tested, that is, if domestic travel is a normal or luxury good. This..."
Cite this Analytical Essay:
Is Domestic Travel a Normal Good? (2007, December 01) Retrieved September 18, 2020, from https://www.academon.com/analytical-essay/is-domestic-travel-a-normal-good-131703/
"Is Domestic Travel a Normal Good?" 01 December 2007. Web. 18 September. 2020. <https://www.academon.com/analytical-essay/is-domestic-travel-a-normal-good-131703/>