The main objective of this paper is to analyse the effect exchange rate arrangements on international tourism. ambiguity in literature about volatility contrasts with magnitude impact a common currency trade. authors apply panel data techniques relevance tourism, finding that it major factor determination tourist arrivals. They also several de facto less flexible rates promote

Abstract This paper analyses the relationship between air pollution and tourism demand in Beijing. The study method is based on a gravity model, which quality variables are incorporated into model of demand. results obtained show that has negative influence flows this effect more pronounced for inbound than domestic tourism. findings also simple index such as classification good bad air‐quality days representation factors taken account by tourists their travel decision.

This paper investigates the inefficiencies of inputs in hotel industry. To do this, we apply weighted Russell directional distance model (Barros et al., 2012; Chen 2014) considering an input-oriented approach. allows to obtain not only aggregate inefficiency measures, but also their components. In a second stage, analyze individual and overall efficiency measures several factors truncated Bayesian Tobit regression. The empirical analysis is based on sector two mature Spanish destinations...

The authors estimate short-run and long-run elasticities for tourists visiting the island of Tenerife. Panel data analysis has rarely been used in previous empirical research. Most work this field takes a price an income variable to explain tourism demand, less attention given other variables, such as promotional expenditure. find significant influence variable. They also obtain income, exchange rate, cost trip, infrastructure.

The main aim of this study is to contribute the debate on effects a common currency. In particular, impact currency growth via trade and tourism explored for panel dataset which includes 179 countries as destination 30 OECD origin over period 1995–2006. This research contributes previous work in three ways: (i) included an additional channel promote growth; (ii) heterogeneity addressed by dividing sample into groups income; (iii) up-to-date data including case euro are considered. results...

This article proposes a model of foreign tourist expenditure, based on expenditure in the country origin (i.e. reservation accommodation and transport) goods services at destination. The study focuses two measures reflecting types expenditure: budget share difference growth rates between random nature each these variables is taken into account. determined using fractional response model, beta distribution. approach allows us to accommodate certain aspects empirical distribution, such as...

The main objective of this paper is to study the relationship between international trade and tourism in small island regions (that is, territories that are dependent a significant degree on rest world). To end, authors explore different forms can take apply cointegration Granger causality test case Canary Islands. results suggest long-term bidirectional trade, while short-run link lies mainly generated by tourist arrivals.

Traditionally, the relationship between tourism and economic growth has been studied using methods based on stationary or nonstationary models. In this paper, we explore validity of tourism-led hypothesis, applying fractional cointegration techniques comparing results with those obtained in previous studies. To do this, study long-run GDP series, a two-step strategy. First, apply then test null hypothesis no against alternatives which are fractionally cointegrated. For empirical analysis,...

In this article, we analyse whether tourism promotes economic growth using a general dynamic panel data model that incorporates individual and interactive fixed effects allows for contemporaneous correlation in innovations. The empirical study is based on quarterly series of GDP tourist arrivals 14 European countries covering the period from 1995 to 2019. Results indicate case positive long-run relationship between rather weak, being slightly stronger prior global financial crisis 2007 2010....

This paper provides some new evidence on the credibility of Exchange Rate Mechanism (ERM) European Monetary System (EMS). The study differs from previous research in literature three main respects. First, contribution is use several indicators, which have never been applied before to all currencies under study. allows one strengthen results obtained this paper. Second, a longer period than that studies analysed, covering complete EMS history. Third, comparison has made prediction qualities...

In this paper the hypothesis that repeated purchases in tourism markets could be considered as a consequence of asymmetrical information problems is studied. This analysed with case study island Tenerife using estimation count data model. It was found length stay and obtained from previous visits and/or relatives friends might increase return to destination suggesting presence reputation mechanism proposed by Shapiro (1983 Shapiro, C. 1983. Premiums for high quality products returns...

Abstract This paper analyses the effects of AirBnb on size local tourism markets using occupancy rates and hotel overnight stays in order to explore causal relationship several Spanish cities. A dynamic panel data model is applied at city level (2014–2017). Our findings show a positive between increase number properties offered implicit volume tourists received by each city, specifically two large cities (Madrid Barcelona), due higher rate.

This paper explores the link between air transport safety and profitability. Traditionally, empirical literature has used Poisson regression models to estimate expected number of accidents given profitability airline. However, there are two major deficiencies in this analysis related statistical properties data. First, equi-dispersion assumed hardly holds airline Second, rare cases, so data an excess zeros. In paper, we propose use a zero-inflated negative binomial model deal with these...

This paper analyses returns to scale, productivity growth and its decomposition in the Spanish hotel industry (period 1997–2019). To do so, we consider that hotels can have technological heterogeneity and, therefore, parameters their production function differ between them. Also, use a multiple input output based on an distance stochastic frontier approach with random Bayesian framework. Results indicate percentage of working under increasing scale decreased during period considered....