Technical Efficiency and Agglomeration Economies in the Hotel Industry: Evidence from Canary Islands
| Autor: | Francisco Ledesma-Rodríguez, Raquel Martín-Rivero, Rosa María Lorenzo-Alegría |
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| Rok vydání: | 2021 |
| Předmět: |
Economies of agglomeration
05 social sciences Geography Planning and Development 0211 other engineering and technologies 0507 social and economic geography 021107 urban & regional planning 02 engineering and technology Market concentration Production–possibility frontier Economics Inefficiency 050703 geography Hotel industry Industrial organization Tourism |
| Zdroj: | Applied Spatial Analysis and Policy. 14:777-793 |
| ISSN: | 1874-4621 1874-463X |
| Popis: | This paper aims to estimate the level of technical inefficiency in the hotel sector of a major tourist destination of Europe, the Canary Islands, exploring the relevance of agglomeration processes in efficiency levels. To do this, a complete dataset of the hotel supply for the period 2010–2016 is used. A translog production frontier and an inefficiency function are estimated in a single-stage sampling procedure. Results suggest an aggregate technical inefficiency of approximately 32%. Furthermore, technical efficiency seems to be decreasing with market concentration and congestion, and increasing in agglomeration economies. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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