Tourism persistence in Spain: National versus international visitors
- Gil-Alana, Luis A 1
- Román, Elena San 2
- Gil-López, Águeda 3
- 1 University of Navarra, Spain; Universidad Francisco de Vitoria, Spain
- 2 Complutense University, Spain
- 3 Universidad Francisco de Vitoria, Spain
ISSN: 1354-8166, 2044-0375
Year of publication: 2019
Volume: 27
Issue: 4
Pages: 614-625
Type: Article
More publications in: Tourism Economics
Abstract
In this article, we examine the statistical properties of the time series corresponding to the number of national and international visitors in Spain using fractional integration. This methodology allows us to examine the degree of persistence of the series, and thus, infer some conclusions about the nature of the shocks. According to the results reported in this work, seasonality matters in both cases, being more important in international tourism. Moreover, we observe significant differences in the degree of persistence between national and international tourism. Although both series seem to be mean reverting, with shocks having a transitory nature, higher orders of integration are observed in the case of the international arrivals.
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