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Foreign Tourism in Andalusia: A Dynamic Panel Data Analysis

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dc.contributor.authorMendieta Aragón, Adrián
dc.contributor.authorGarín Muñoz, María Teresa
dc.date.accessioned2024-06-11T15:15:06Z
dc.date.available2024-06-11T15:15:06Z
dc.date.issued2020-07
dc.description.abstractThis paper studies the main determinants of the inbound international tourism in Andalusia and quantify its incidence. Based on the classical theoretical framework for tourism demand, we incorporate dynamics into the model by adding the lagged dependent variable as an explanatory variable, along with the per capita income of the tourist's country of origin, the relative prices between the origin and destination countries and the cost of travel. The empirical model is applied to a panel data set consisting of 21 countries of origin of the tourists for the period 2008–2018. Data were collected from the Hotel Occupancy Survey (HOS), published by the National Statistics Institute of Spain (INE). The results have been obtained using the GMM-DIFF estimator of Arellano and Bond. The parameters estimated reflect a high level of consumer loyalty and the importance of the word-of-mouth effect. Moreover, the income elasticity indicates that the demand for tourism in Andalusia may be considered as a luxury good. Prices have a negative relationship with tourism demand. The cost of travel, which has a negative effect, is statistically significant to explain the number of tourists' arrivals and, however, it is not significant for the overnight stays model.en
dc.description.versionversión publicada
dc.identifier.issn2090-3359‎ E-ISSN 2090-3367‎
dc.identifier.urihttps://hdl.handle.net/20.500.14468/22311
dc.journal.issue3
dc.journal.titleAdvances in Decision Sciences
dc.journal.volume24
dc.language.isoen
dc.publisherTaichung: Asia University, Taiwan
dc.relation.centerFacultad de Ciencias Económicas y Empresariales
dc.relation.departmentAnálisis Económico
dc.rightsAtribución-NoComercial-SinDerivadas 4.0 Internacional
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0
dc.subject.keywordsDynamic model
dc.subject.keywordsPanel data
dc.subject.keywordsTourism demand elasticities
dc.subject.keywordsConsumer loyalty
dc.subject.keywordsHabit persistence
dc.titleForeign Tourism in Andalusia: A Dynamic Panel Data Analysises
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
relation.isAuthorOfPublicationed719559-27dc-4062-82fd-ada454f60b39
relation.isAuthorOfPublicationf748dddb-6fe0-4e69-a775-0ab94eaf053c
relation.isAuthorOfPublication.latestForDiscoveryed719559-27dc-4062-82fd-ada454f60b39
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