Title
Testing The Empirical Link Between Tourism And Competitiveness: Evidence From Puerto Rico
Keywords
Cointegration; Competitiveness; Error correction model; Granger causality; Puerto Rico; Tourism spending
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.
Publication Date
1-1-2010
Publication Title
Tourism Economics
Volume
16
Issue
1
Number of Pages
217-234
Document Type
Article
Personal Identifier
scopus
DOI Link
https://doi.org/10.5367/000000010790872114
Copyright Status
Unknown
Socpus ID
77952778208 (Scopus)
Source API URL
https://api.elsevier.com/content/abstract/scopus_id/77952778208
STARS Citation
Croes, Robertico and Rivera, Manuel Antonio, "Testing The Empirical Link Between Tourism And Competitiveness: Evidence From Puerto Rico" (2010). Scopus Export 2010-2014. 1304.
https://stars.library.ucf.edu/scopus2010/1304