Testing the empirical link between tourism and competitiveness: evidence from Puerto Rico

    Authors

    R. Croes;M. A. Rivera

    Comments

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    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

    WOS:000275608400014

    ISSN

    1354-8166

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