|
on Tourism Economics |
| By: | Cheng, Ka Ming; Kim, Hyeongwoo; Thompson, Henry |
| Abstract: | This paper investigates evidence on the effect of dollar depreciation on the US tourism balance of trade. Export revenue and import spending functions are estimated separately with structural vector autoregressive methods to better capture the dynamic adjustment to exchange rate shocks. Quarterly data cover the period of floating exchange rates from 1973 through 2007. Depreciation raises long term US export revenue but there is no effect on import spending. |
| Keywords: | balance of trade; exchange rate; tourism; structural vector autoregressive model; J-curve |
| JEL: | C32 F10 |
| Date: | 2009–10 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:18318&r=tur |
| By: | Beneki, Christina; Eeckels, Bruno; Leon, Costas |
| Abstract: | We present and apply the Singular Spectrum Analysis (SSA), a relatively new, non-parametric and data-driven method used for signal extraction (trends, seasonal and business cycle components) and forecasting of the UK tourism income. Our results show that SSA outperforms slightly SARIMA and time-varying parameter State Space Models in terms of RMSE, MAE and MAPE forecasting criteria. |
| Keywords: | Singular Spectrum Analysis; Singular Value Decomposition; Business Cycle Decomposition; Tourism Income; United Kingdom; Signal Extraction; Forecasting |
| JEL: | C53 E32 C14 |
| Date: | 2009–09–28 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:18354&r=tur |
| By: | Jaume Rosselló Nadal (Centre de Recerca Econòmica (UIB · Sa Nostra)) |
| Abstract: | Climatic variability and a substantial fraction of the most recent temperature warming in the Northern Hemisphere can be accounted for by the North Atlantic Oscillation (NAO) index. The most pronounced anomalies have occurred since the winter of 1989, with significant implications on weather conditions in areas within the index's geographical scope. Because climate is one of the most important factors in explaining world movements by humans, in this paper, variability patterns between quarterly Revenue Passenger Kilometers (RPK), compiled by the European Airline Association, and the NAO index are investigated as a function of different time lags and diverse economic indicators, with the aim of evaluating the impact of NAO variability and trends that can be associated with the change in RPK since the nineties. Using a traditional international air travel demand model, it has been found that the dissociation of the NAO index into positive and negative fluctuations can be related to changes in different geographical RPK time series, once seasonal effects are removed. The results are consistent with the view that meteorological and climate conditions can act as both a pull and push factor. |
| Keywords: | NAO, tourism, travel, climate change, airline industry |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:pdm:wpaper:2009/5&r=tur |
| By: | Jaume Rosselló Nadal (Centre de Recerca Econòmica (UIB · Sa Nostra)); Óscar Saenz-de-Miera (Balearic Islands University) |
| Abstract: | The increase of tourist activity for many destinations and their increased mobility within host countries has implied a rise in tourism associated externalities with vehicle crashes being the most common cause of injury for tourists. Within the transport literature, the number and variations in the amount of accidents has been related to a large set of determining variables, including weather conditions, socio-economic characteristics, exposure, physical characteristics of the road and a variety of dummies which try to capture effects such as safety laws and seasonal variations. However, the presence of tourism has been neglected. Using the case study of the Balearic Islands, the present study estimates the role of tourism in determining the number of accidents on a daily context, using the set of variables suggested by the literature and incorporating a daily measure for the stock of tourists at a host destination. Results show how tourism can be associated to a significant amount of the accidents that take place in the Balearics. |
| Keywords: | Externalities, Road accidents, Count data models, Daily data, Tourism |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:pdm:wpaper:2009/4&r=tur |
| By: | Enea Constanta; Enea Constantin (Constantin Brancusi University of Targu Jiu, Romania) |
| Abstract: | Tourism is an industry that benefits from highly optimistic predictions for the future, its importance became increasingly large, both globally and regionally, nationally and locally. Studies in the field already demonstrates that tourism can be considered, the main industry in terms of contribution to gross world product, the number 1 as regards the assimilation of labor employed and the most important investor of capital. According to data published Monday by the Statistical Office of the EU, the spread of financial crisis has affected tourism obvious. According to statistics, last year, spent the night in hotels in the EU was 1.578 billion, registering a decrease of 0.5% over the previous year. The same number saw an increase of 3.4% in 2007 compared with the previous year and an increase of 2.9% in 2006. If an analysis of different periods, you can see the obvious influence of financial crisis on tourism development and its impact on cities. In terms of sustainable development, an issue to be highlighted concerns that tourism, as a phenomenon, but that activity is unique in its way through dependence on a show against the environment, social and cultural values what is found in the areas of interest. Because of this dependency, tourism has an undeniable interest in ensuring the sustainability of these values. |
| Keywords: | worldwide economic crisis, tourism, gross world product, labor employed, investor, sustainable development |
| JEL: | A10 D7 O11 |
| Date: | 2009–05 |
| URL: | http://d.repec.org/n?u=RePEc:cbu:wpaper:11&r=tur |
| By: | Shakya, Mallika |
| Abstract: | Seven years out of brutal conflict, Sierra Leone is now a peaceful and stable country. Yet, its strides toward economic recovery and competitiveness have been modest even in sectors such as tourism, which used to be a major generator of foreign exchange revenues prior to the conflict. This paper presents a cluster-based analysis of the tourism sector in Sierra Leone. The analysis shows that tourism in Sierra Leone draws entirely on basic factor conditions such as natural endowments; high-end lodging, catering, and entertainment services are virtually nonexistent. The cluster mapping exercise reveals that several non-profit organizations are present and active within the Sierra Leone tourism cluster but that the role of commercial enterprises has been somewhat limited. A critical mass of basic service providers has emerged over time, but their functions are often hindered by the absence of a market-based incentive regime and weaknesses in backbone infrastructure services. There is a mismatch of effort by the public and private sectors. An important policy implication arising from the analysis is for Sierra Leone to initiate a joint action among tourism entrepreneurs and policymakers to develop a coherent business strategy toward overcoming the bottlenecks of skill deficiency, policy ineffectiveness, and lack of infrastructure and market access. |
| Keywords: | Cultural Policy,Transport Economics Policy&Planning,Cultural Heritage&Preservation,Tourism and Ecotourism,Accommodation&Tourism Industry |
| Date: | 2009–10–01 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wbrwps:5083&r=tur |
| By: | Xhiliola Agaraj; Merita Murati (Marketing in Tourism Department of Economic and Low Faculty, Albania) |
| Abstract: | Tourism has become an important sector that has an impact on development of country economy. The main benefits of tourism are income creation and generation of jobs. For many regions and countries it is the most important source of welfare. The ability of the national economy to benefit from tourism depends on the availability of investment to develop the necessary infrastructure and on its ability to supply the needs of tourists. Albania has a touristic potential for development of seaside tourism and other alternative forms of tourism. The scope of the paper is to present the impact of tourism on economy and especially on income. paper treats why Albania is an attractive country for investors, and which are the possibilities to invest. Through a questioner scattered in different publics and private institution of Albania are presented major problematical of tourism in Albania. |
| Keywords: | tourism, economic development, benefits, jobs, investments, touristic potential, public and private institutions |
| JEL: | O11 D5 D7 |
| Date: | 2009–05 |
| URL: | http://d.repec.org/n?u=RePEc:cbu:wpaper:6&r=tur |