Flows into tourist areas: an econometric approach
| Autor: | Agustín Muñoz Vázquez, Felix‐Angel Grande Torraleja, María José Botella Franco |
|---|---|
| Rok vydání: | 2009 |
| Předmět: |
Horizontal and vertical
Cointegration media_common.quotation_subject Geography Planning and Development Transportation Competition (economics) Econometric model Globalization Tourism Leisure and Hospitality Management Economics Variance decomposition of forecast errors Marketing Function (engineering) Industrial organization Tourism Nature and Landscape Conservation media_common |
| Zdroj: | International Journal of Tourism Research. 11:1-15 |
| ISSN: | 1522-1970 1099-2340 |
| DOI: | 10.1002/jtr.657 |
| Popis: | The globalisation of the tourism industry has led to a horizontal and vertical penetration of firms, leading to strong competition in all tourist centres. In light of these circumstances there is a need to develop strategies that encourage entrepreneurial actions and help firms to design the most competitive tourism offer possible. For the development of these strategies, the current work attempts to identify the degree of interrelation existing between the different tourist markets. Specifically, the study is based on an analysis of the evolution in the relations between the main tourist-receiving centres in Spain. It identifies the short- and long-term dynamic relations existing between them, and determines their degree of interdependence and any potential leadership relations between them. The methodology used is the one underlying Cointegration theory and vector autoregressive theory, together with forecast error variance decomposition and the impulse-response function. Copyright © 2008 John Wiley & Sons, Ltd. |
| Databáze: | OpenAIRE |
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