Modelling international monthly tourist in Spain

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

ISSN: 1133-3197,  1697-5731

Année de publication: 2011

Titre de la publication: Economía del Turismo

Volumen: 29

Número: 3

Pages: 723-736

Type: Article

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

D'autres publications dans: Estudios de economía aplicada

Résumé

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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