Causal relationship between inbound tourism and exports of goods in Portugal: evidence from cointegration and Granger causality tests

Autor:	Celeste Eusébio, Ana Madaleno, Celeste Varum
Rok vydání:	2016
Předmět:	Economics and Econometrics Empirical research Granger causality Cointegration business.industry Economics International trade Monetary economics Business and International Management business Inbound tourism Tourism
Zdroj:	Global Business and Economics Review. 18:567
ISSN:	1745-1329 1097-4954
DOI:	10.1504/gber.2016.10000163
Popis:	This paper analyses the short- and long-run relationship between inbound tourism and total exports of goods in general, and exports of agro-food products in particular. An empirical study was conducted using monthly data on inbound tourism, total exports of goods, and exports of agro-food products for the period between 2000 and 2012, in Portugal. The results reveal that inbound tourism and exports of agro-food products are cointegrated. Therefore a long-run equilibrium relationship between the variables can be inferred. The Granger causality test results suggest that inbound tourism in Portugal stimulates growth of exports in general. Furthermore, exports of goods and exports of agro-food products also stimulate inbound tourism. Our empirical findings provide important policy implications concerning international tourism and trade.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6412e813cbee2ab4a382dd106a0c54e0 https://doi.org/10.1504/gber.2016.10000163 Zobrazit plný text záznamu