Title: Determinants of the travel spending behaviour: micro-econometric evidence from India

Authors: K.G. Suresh; Lagesh Meethale Aravalath

Addresses: ICFAI Business School (IBS), Hyderabad, India ' ICFAI Business School (IBS), Hyderabad, India

Abstract: The objective of this paper is to analyse the impact of the socio-economic characteristics of the family heads and their mates on the total travel expenditure and its components. This study applies multiple regression and quantile regression methods to identify the key determinants of household travel expenditure in India. Our results show that the socio-economic characteristics of the household head, such as age, education, employment, religion and caste, and income, are important determinants in deciding the travel expenditure of the household. Further, the influence of these factors is found relevant for and stronger in the higher quantiles of the travel expenditure. Moreover, select characteristics of the spouse of the household head are also found to significantly contribute to the household's travel spending.

Keywords: travel spending; household head; socio-economic characteristics; quantile regression; India.

DOI: 10.1504/IJEPEE.2024.140197

International Journal of Economic Policy in Emerging Economies, 2024 Vol.20 No.1, pp.92 - 109

Received: 10 Jul 2022
Accepted: 05 Jan 2023
Published online: 29 Jul 2024 *

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