nep-tur New Economics Papers
on Tourism Economics
Issue of 2014‒03‒22
three papers chosen by
Laura Vici
Universita' di Bologna

  1. Migration and Inbound Tourism: An Italian Perspective By Etzo, Ivan; Massidda, Carla; Piras, Romano
  2. A Tourism Conditions Index By Chang, C-L.; Hsu, H-K.; McAleer, M.J.
  3. Beneficio económico y turismo ecosistémico. El caso de las termales en Michoacán, México By Carlos Francisco Ortiz Paniagua y Georgina Jatzire Arévalo Pacheco

  1. By: Etzo, Ivan; Massidda, Carla; Piras, Romano
    Abstract: This paper investigates the impact of migration on Italian inbound tourism flows in a dynamic panel data framework. Arrivals, expenditure and nights from 65 countries are analyzed for the period 2005-2011. The migration variable is defined at both origin and destination in order to assess the pushing and pulling forces. Estimates are performed using both aggregated flows and flows disaggregated to separate the VFRs from two non-VFR categories, namely holiday and business. The results suggest the presence of a strong migration-tourism nexus which clearly goes beyond visiting friends and relatives. Moreover, the effects of the different determinants vary according to the way in which the tourism market is segmented and, within each segment, to the way in which tourism demand is measured.
    Keywords: Migration, Inbound Tourism, Dynamic Panel Data, Italy
    JEL: L83 O15
    Date: 2014–02
  2. By: Chang, C-L.; Hsu, H-K.; McAleer, M.J.
    Abstract: __Abstract__ This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of the multivariate BEKK model for four TCI indicators to predict specific tourism and economic environmental indicators for Taiwan. The foundation of the TCI is the Financial Conditions Index (FCI), which is derived from the Monetary Conditions Index (MCI). The empirical findings show that TCI weighted by spillovers reveal greater significance in forecasting the Composite Index (CI), an economic environmental indicator, than the Tourism Industry Index (TII), which is an existing indicator for the tourism industry that is listed on the Taiwan Stock Exchange (TWSE). Moreover, previous values of the alternative TCI and TII are shown to contain useful information in predicting both tourism and economic environmental factors. Overall, the new Tourism Conditions Index is straightforward to use and also provides useful insights in predicting tourism arrivals and the current economic environment.
    JEL: B41 E44 E47 G32
    Date: 2014–01–01
  3. By: Carlos Francisco Ortiz Paniagua y Georgina Jatzire Arévalo Pacheco (Universidad Michoacana de San Nicolás de Hidalgo)
    Abstract: The hot springs tourism is an economically important recreational activity that has been practiced traditionally in Zinapecuaro and Ciudad Hidalgo - Michoacán, Mexico. The economic benefit of the recreational use of this service represents a significant income for the regional economy. In this paper we estimated the economic value of recreational ecosystem services of Zinapecuaro. The results show that the benefit of thermal water use increases to two million of Mexican pesos for 2010 and, considering a discount rate of 10% for the next 20 years, future economic value of this service increases up to eighteen million pesos. From the economic point of view this justifies the implementation of a strategy of sustainable use that will allow regional projects expand on this natural resource.
    Keywords: Economic value, ecosystem services, spa tourism and travel cost
    JEL: Q51 R11 Q11 Y Q26
    Date: 2014–09–03

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