Economic crisis and tourism competitiveness in Spain: permanent effects or transitory shocks?
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http://hdl.handle.net/10045/45686
Títol: | Economic crisis and tourism competitiveness in Spain: permanent effects or transitory shocks? |
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Autors: | Perles Ribes, José Francisco | Ramón-Rodríguez, Ana B. | Rubia, Antonio | Moreno-Izquierdo, Luis |
Grups d'investigació o GITE: | Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) | Internacionalización de la Empresa y Comercio Exterior | Finanzas de Mercado y Econometría Financiera |
Centre, Departament o Servei: | Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad |
Paraules clau: | Economic crisis | Tourism destinations competitiveness | Unit root analysis | Structural shocks | Permanent effects | Time-series analysis |
Àrees de coneixement: | Economía Aplicada | Economía Financiera y Contabilidad |
Data de publicació: | 2013 |
Editor: | Routledge |
Citació bibliogràfica: | Current Issues in Tourism. 2013. doi:10.1080/13683500.2013.849666 |
Resum: | This paper considers the influence of business cycles and economic crises on Spain's tourism competitiveness. This competitiveness is measured by its share in world tourism. Analysing the presence of unit roots in the market share series from 1958 to 2010, the permanent effects of economic crises on competitiveness are evaluated. The evidence from standard linear unit root tests indicates that crises on Spanish market shares are highly persistent. When we account for endogenously determined structural breaks, we obtain greater support for stationarity, but breakpoints are identified with major economic crises. Therefore the main conclusion obtained is that the effects of the economic shocks are not neutral on competitiveness, with the negative effects being more persistent in highly intensive crises. These crises reinforce a natural downward trend of the Spanish world tourism market share caused by the natural emergence of new competing destinations and by the maturity of the Spain's principal tourism product. |
URI: | http://hdl.handle.net/10045/45686 |
ISSN: | 1368-3500 (Print) | 1747-7603 (Online) |
DOI: | 10.1080/13683500.2013.849666 |
Idioma: | eng |
Tipus: | info:eu-repo/semantics/article |
Drets: | © 2013 Taylor & Francis |
Revisió científica: | si |
Versió de l'editor: | http://dx.doi.org/10.1080/13683500.2013.849666 |
Apareix a la col·lecció: | INV - Internacionalización de la Empresa y Comercio Exterior - Artículos de Revistas INV - INNATUR - Artículos de Revistas INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas INV - ECO-IA - Artículos de Revistas |
Arxius per aquest ítem:
Arxiu | Descripció | Tamany | Format | |
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2013_Perles_etal_CIT_final.pdf | Versión final (acceso restringido) | 607,24 kB | Adobe PDF | Obrir Sol·licitar una còpia |
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