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on Tourism Economics |
| By: | Gabriela Mordecki (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía) |
| Abstract: | In Uruguay total yearly tourists represent about 90% of its population of which historically 60% or more have come from Argentina. Tourist activities have a great impact on Uruguayan economy. They represent about 4% of Uruguayan GDP and generate near 6% of total employment and 14% of total exports. For this reason it is important to analyze the determinants behind tourism demand. In this paper we study the relationship between the number of Argentinean tourists in Uruguay, their real expenditure, Argentinean GDP and the real exchange rate (RER) between Uruguay and Argentina trying to find long-run relationships between variables, following Johansen methodology. We found two cointegration relationships, through Vector error correction models (VECM). In the first one we include real tourism expenditure, Argentinean GDP and the RER between Argentina and Uruguay. In the second one, we try to estimate the number of Argentinean tourists, using monthly dada of tourists, a monthly indicator of Argentinean activity and the RER between Uruguay and Argentina. The model’s forecast indicates a slight decrease of Argentinean tourism expenditure in 2014 and a recovering for 2015. |
| Keywords: | tourism demand, cointegration, real exchange rate |
| JEL: | C32 F14 F41 |
| Date: | 2014–11 |
| URL: | http://d.repec.org/n?u=RePEc:ulr:wpaper:dt-17-14&r=tur |
| By: | Johansson, Sara (Jönköping International Business School (JIBS) and Centre of Excellence for Science and Innovation Studies (CESIS).); Pettersson, Lars (Jönköping International Business School (JIBS)) |
| Abstract: | This study explore the location pattern of gourmet restaurants in Sweden by using information about restaurant quality from the White Guide. The purpose of the paper is to analyze which factors that influence the location pattern of gourmet restaurants, with particular focus on the influence of small-scale food producers. This variable can be expected to be of substantial importance in creating comparative advantages related to geographical location. Econometric estimates of a zero-inflated Poisson regression show that the number of small-scale food producers in a location significantly increases the number of gourmet restaurants in locations with non-zero count. Moreover, factors related to the demand side, such as market size and tourism significantly increases the number of gourmet restaurants in a municipality once the probability of a non-zero count is accounted for. The tourism sector appears to be of particular strong importance in rural areas where the size of the permanently residing population is insufficient for creating business opportunities for restaurateurs striving for the upper quality segment. |
| Keywords: | Culinary markets; restaurants; small-scale food production; tourism; regional development; innovation systems; agglomeration economies |
| JEL: | L66 R10 |
| Date: | 2014–11–07 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cesisp:0382&r=tur |