The effects of economic crises on tourism success: an integrated model
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http://hdl.handle.net/10045/55948
Title: | The effects of economic crises on tourism success: an integrated model |
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Authors: | Perles Ribes, José Francisco | Ramón-Rodríguez, Ana B. | Sevilla-Jiménez, Martín | Rubia, Antonio |
Research Group/s: | Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) | Internacionalización de la Empresa y Comercio Exterior | Recursos Hídricos y Desarrollo Sostenible | Finanzas de Mercado y Econometría Financiera |
Center, Department or Service: | Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad |
Keywords: | Economic crisis | Destination competitiveness | Permanent shocks | Economic transmission mechanisms | Switching regression models |
Knowledge Area: | Economía Aplicada | Economía Financiera y Contabilidad |
Issue Date: | Apr-2016 |
Publisher: | IP Publishing |
Citation: | Tourism Economics. 2016, 22(2): 417-447. doi:10.5367/te.2014.0428 |
Abstract: | This paper provides a theoretical model of the influence of economic crises on tourism destination performance. It discusses the temporary and permanent effects of economic crises on the global market shares of tourism destinations through a series of potential transmission mechanisms based on the main economic competitiveness determinants identified in the literature. The proposed model explains the non-neutrality of economic shocks in tourism competitiveness. The model is tested on Spain's tourism industry, which is among the leaders of the global tourism sector, for the period 1970–2013 using non-linear econometric techniques. The empirical analysis confirms that the proposed model is appropriate for explaining the changes in the market positions caused by the economic crises. |
Sponsor: | Financial support from project ECO2011–29751 is acknowledged. |
URI: | http://hdl.handle.net/10045/55948 |
ISSN: | 1354-8166 (Print) | 2044-0375 (Online) |
DOI: | 10.5367/te.2014.0428 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © IP Publishing Ltd. |
Peer Review: | si |
Publisher version: | http://dx.doi.org/10.5367/te.2014.0428 |
Appears in Collections: | INV - INNATUR - Artículos de Revistas INV - Internacionalización de la Empresa y Comercio Exterior - Artículos de Revistas INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas INV - Recursos Hídricos y Desarrollo Sostenible - Artículos de Revistas |
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File | Description | Size | Format | |
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2016_Perles_etal_TourEcon_final.pdf | 283,7 kB | Adobe PDF | Open Preview | |
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