Elasticities relevant to tourism in Scotland: evidence review
An overview of estimates of price elasticities of demand (PED) and income elasticities of demand (YED) for tourists to destinations relevant to Scotland; price elasticities of supply (PES) of commercial accommodation relevant to Scotland and other factors influencing the demand and supply of tourism.
Glossary of key terms
Price elasticity of demand (PED) measures the responsiveness of the quantity demanded of a good or service to a change in its price.
Income elasticity of demand (YED) measures the responsiveness of the quantity demanded of a good or service to a change in income.
Price elasticity of supply (PES) measures the responsiveness of the quantity supplied of a good or service to a change in its price.
Cluster analysis is a method aims to classify a set of objects such that objects in the same cluster (or group) are more similar to each other than to those in other clusters.
Contact
Email: juanmanuel.scarilli@gov.scot
There is a problem
Thanks for your feedback