Modelling international monthly tourist in Spain

  1. Cuñado Eizaguirre, Juncal
  2. Gil Alaña, Luis Alberiko
  3. Pérez de Gracia Hidalgo, Fernando
Zeitschrift:
Estudios de economía aplicada

ISSN: 1133-3197,  1697-5731

Datum der Publikation: 2011

Titel der Ausgabe: Economía del Turismo

Ausgabe: 29

Nummer: 3

Seiten: 723-736

Art: Artikel

DOI: 10.25115/EEA.V29I3.4411 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Andere Publikationen in: Estudios de economía aplicada

Zusammenfassung

This article investigates the degree of persistence in the international monthly tourist time series in Spain using long memory (fractional integration) techniques. Our findings can be summarized as follows. The two standard hypo-theses of integer degrees of differentiation, i.e., the I(0) and the I(1) behaviour, are clearly rejected. The series is found to be I(d) with a value of d in the interval (0.421, 0.780) thus implying long memory behaviour and mean reverting behaviour. However, if a structural break is considered, it takes place at May 2007, and then, the two subsamples present orders of integration which are above 1 and thus rejecting the mean reverting hypothesis.

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