Title
Testing the empirical link between tourism and competitiveness: evidence from Puerto Rico
Abbreviated Journal Title
Tour. Econ.
Keywords
competitiveness; tourism spending; error correction model; cointegration; Granger causality; Puerto Rico; TIME-SERIES; UNIT-ROOT; COINTEGRATION VECTORS; AUTOREGRESSIVE MODELS; ERROR-CORRECTION; CAUSALITY; DESTINATION; REPRESENTATION; ECONOMICS; Economics; Hospitality, Leisure, Sport & Tourism
Abstract
This Study examines the empirical relationship between tourism and the competitiveness of a destination. It uses the cointegration and error correction model (ECM) in a bivariate context as a precondition to apply the Granger causality test. This procedure was carried Out in the case Of Puerto Rico's tourism Industry during 1960-2004. The study found cointegration in the intertemporal rather than the contemporaneous effects, as well as a one-directional causality running from changes In tourism spending to changes in competitiveness. This result highlights the long-run equilibrium spending behaviour of tourists as a major concern of destination managers.
Journal Title
Tourism Economics
Volume
16
Issue/Number
1
Publication Date
1-1-2010
Document Type
Article
Language
English
First Page
217
Last Page
234
WOS Identifier
ISSN
1354-8166
Recommended Citation
"Testing the empirical link between tourism and competitiveness: evidence from Puerto Rico" (2010). Faculty Bibliography 2010s. 70.
https://stars.library.ucf.edu/facultybib2010/70
Comments
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