Portuguese Tourism Demand: A Dynamic Panel Data Analysis
This article considers the determinants of Portuguese tourism demand for the period 2004-2013. The econometric methodology uses a panel unit root test and the dynamic panel data (GMM-system estimator). The different techniques of panel unit root (Levin, Lin and Chu & Im, Pesaran and Shin W-stat...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2015-07-01
|
| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/1285 |
| _version_ | 1797918254143897600 |
|---|---|
| author | Nuno Carlos Leitão |
| author_facet | Nuno Carlos Leitão |
| author_sort | Nuno Carlos Leitão |
| collection | DOAJ |
| description |
This article considers the determinants of Portuguese tourism demand for the period 2004-2013. The econometric methodology uses a panel unit root test and the dynamic panel data (GMM-system estimator). The different techniques of panel unit root (Levin, Lin and Chu & Im, Pesaran and Shin W-stat & ADF - Fisher Chi-square) show that the variables used in this panel are stationary. The dynamic model proves that tourism demand is a dynamic process. The variables relative prices, income per capita, human capital and government spending encourage international tourism demand for Portugal
Keywords: Tourism demand, dynamic panel data, panel unit root test, Portugal.
JEL Classifications: C33; F10; H62
|
| first_indexed | 2024-04-10T13:26:35Z |
| format | Article |
| id | doaj.art-211975336b0c400ba2eb59358634d158 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:26:35Z |
| publishDate | 2015-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-211975336b0c400ba2eb59358634d1582023-02-15T16:11:48ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382015-07-0153Portuguese Tourism Demand: A Dynamic Panel Data AnalysisNuno Carlos Leitão This article considers the determinants of Portuguese tourism demand for the period 2004-2013. The econometric methodology uses a panel unit root test and the dynamic panel data (GMM-system estimator). The different techniques of panel unit root (Levin, Lin and Chu & Im, Pesaran and Shin W-stat & ADF - Fisher Chi-square) show that the variables used in this panel are stationary. The dynamic model proves that tourism demand is a dynamic process. The variables relative prices, income per capita, human capital and government spending encourage international tourism demand for Portugal Keywords: Tourism demand, dynamic panel data, panel unit root test, Portugal. JEL Classifications: C33; F10; H62 http://mail.econjournals.com/index.php/ijefi/article/view/1285 |
| spellingShingle | Nuno Carlos Leitão Portuguese Tourism Demand: A Dynamic Panel Data Analysis International Journal of Economics and Financial Issues |
| title | Portuguese Tourism Demand: A Dynamic Panel Data Analysis |
| title_full | Portuguese Tourism Demand: A Dynamic Panel Data Analysis |
| title_fullStr | Portuguese Tourism Demand: A Dynamic Panel Data Analysis |
| title_full_unstemmed | Portuguese Tourism Demand: A Dynamic Panel Data Analysis |
| title_short | Portuguese Tourism Demand: A Dynamic Panel Data Analysis |
| title_sort | portuguese tourism demand a dynamic panel data analysis |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/1285 |
| work_keys_str_mv | AT nunocarlosleitao portuguesetourismdemandadynamicpaneldataanalysis |