Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis

Autor:	Jorge V. Pérez-Rodríguez, Francisco Ledesma-Rodríguez, María Santana-Gallego
Rok vydání:	2011
Předmět:	Statistics and Probability Macroeconomics Economics and Econometrics Cointegration Oecd countries International economics Inbound tourism Causality Mathematics (miscellaneous) Economics Nexus (standard) Social Sciences (miscellaneous) Tourism Panel data
Zdroj:	Empirical Economics. 41:533-554
ISSN:	1435-8921 0377-7332
Popis:	This article studies the empirical link between international tourism and trade. We apply dynamic heterogeneous panel data techniques to analyse both long and short-run relationship for the case study of OECD countries. This link is studied by estimating the cointegration vector and analysing the short causality between variables. The analysis recognises that inbound tourism can promote international trade and also that international flow of goods requires and may encourage tourist arrivals and departures. The statistical significance of this link supports the presence of business opportunities due to the potential complementary relationship between tourism and trade. The results suggest a short-run nexus between tourism and trade, and that these variables are cointegrated.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::dd8680d1170d4c8f26b9be78a5b7e599 https://doi.org/10.1007/s00181-011-0477-9 Zobrazit plný text záznamu Plný text ve formátu PDF