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Does trade help to explain tourism demand? The case of Portugal
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Autores
Orientador(es)
Resumo(s)
The tourism industry has expanded in recent years due to internal and external environmental forces. These forces, income,
trade, consumer price, and geographical distance are interconnected.
Accounting for imperfect competition and increasing returns to scale, the new trade theory offers the explanation of dynamic gains from international trade. A large number of studies attempt to test the
hypothesis that there is a link between trade and tourism. Most of the studies show that trade and tourism are positively correlated.
This paper specifies static and dynamic panel demand models for tourism in Portugal and estimates demand equations using tourist inflow data for the period 1995-2006. We find that bilateral trade, immigration,
border, and geographical distance between Portugal and countries of origin are the main determinants of tourism to Portugal. The dynamic panel data approach indicates that trade, population, and income are
more important determinants than relative price.
Descrição
Palavras-chave
Trade Tourism demand Panel data Tourism forecasting Qualitative methods Portugal
Contexto Educativo
Citação
LEITÃO, Nuno Carlos - Does trade help to explain tourism demand? The case of Portugal. Theoretical and Applied Economics. ISSN 1841-8678. Vol. 17, no. 3 (2010), p. 63-74
Editora
General Association of Economists from Romania