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

Socpus ID

77952778208 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/77952778208

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