IDEAS home Printed from https://ideas.repec.org/a/eee/touman/v50y2015icp257-267.html
   My bibliography  Save this article

Effects of tourism on regional asymmetries: Empirical evidence for Portugal

Author

Listed:
  • Andraz, Jorge M.
  • Norte, Nélia M.
  • Gonçalves, Hugo S.

Abstract

This study uses a vector autoregressive approach to estimate the regional effects of tourism in Portugal with the ultimate objective of assessing tourism's role in reducing regional asymmetries. We identify the locations where tourism generates higher effects for each region, as well as the regions where tourism generates the strongest effects on the country's economic performance. This issue is of particular interest from the side of the country's authorities since tourism is a strategic sector to promote national and regional convergence. The study's findings suggest that tourism has contributed to the concentration of economic activity in the largest region of the country and to reduce the gap between the second and the third largest regions. Some regions benefit more from tourism located in other regions than tourism located in each region and tourism in all regions generate positive effects on the country's economic performance.

Suggested Citation

  • Andraz, Jorge M. & Norte, Nélia M. & Gonçalves, Hugo S., 2015. "Effects of tourism on regional asymmetries: Empirical evidence for Portugal," Tourism Management, Elsevier, vol. 50(C), pages 257-267.
  • Handle: RePEc:eee:touman:v:50:y:2015:i:c:p:257-267
    DOI: 10.1016/j.tourman.2015.03.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0261517715000643
    Download Restriction: no

    File URL: https://libkey.io/10.1016/j.tourman.2015.03.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Christiano, Lawrence J & Eichenbaum, Martin & Evans, Charles, 1996. "The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 16-34, February.
    2. Elias Soukiazis & Sara Proença, 2008. "Tourism as an alternative source of regional growth in Portugal: a panel data analysis at NUTS II and III levels," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 7(1), pages 43-61, April.
    3. Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999. "Monetary policy shocks: What have we learned and to what end?," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148, Elsevier.
    4. Zivot, Eric & Andrews, Donald W K, 2002. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 25-44, January.
    5. Perron, Pierre, 1988. "Trends and random walks in macroeconomic time series : Further evidence from a new approach," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 297-332.
    6. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    7. Raffaele Paci & Emanuela Marrocu, 2014. "Tourism and regional growth in Europe," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 25-50, November.
    8. Rudebusch, Glenn D, 1998. "Do Measures of Monetary Policy in a VAR Make Sense? A Reply," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(4), pages 943-948, November.
    9. Haughwout, Andrew F., 2002. "Public infrastructure investments, productivity and welfare in fixed geographic areas," Journal of Public Economics, Elsevier, vol. 83(3), pages 405-428, March.
    10. Sara Proença & Elias Soukiazis, 2008. "Tourism as an Economic Growth Factor: A Case Study for Southern European Countries," Tourism Economics, , vol. 14(4), pages 791-806, December.
    11. Jie Zhang & Bjarne Madsen & Chris Jensen-Butler, 2007. "Regional Economic Impacts of Tourism: The Case of Denmark," Regional Studies, Taylor & Francis Journals, vol. 41(6), pages 839-854.
    12. Alfredo M. Pereira, 2001. "On the Effects of Public Investment on Private Investment: What Crowds in What?," Public Finance Review, , vol. 29(1), pages 3-25, January.
    13. Gonzalo, Jesus & Lee, Tae-Hwy, 1998. "Pitfalls in testing for long run relationships," Journal of Econometrics, Elsevier, vol. 86(1), pages 129-154, June.
    14. Haughwout, Andrew F., 1998. "Aggregate Production Functions, Interregional Equilibrium, and the Measurement of Infrastructure Productivity," Journal of Urban Economics, Elsevier, vol. 44(2), pages 216-227, September.
    15. Antonakakis, Nikolaos & Dragouni, Mina & Filis, George, 2015. "How strong is the linkage between tourism and economic growth in Europe?," Economic Modelling, Elsevier, vol. 44(C), pages 142-155.
    16. Rudebusch, Glenn D, 1998. "Do Measures of Monetary Policy in a VAR Make Sense?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(4), pages 907-931, November.
    17. Ana C.M. Daniel & Paulo M.M. Rodrigues, 2012. "Assessing the Impact of Shocks on International Tourism Demand for Portugal," Tourism Economics, , vol. 18(3), pages 617-634, June.
    18. Aguayo, E., 2011. "Impact of Tourism on Employment: An Econometric Model of 50 CEEB Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(1).
    19. Alfredo Pereira & Jorge Andraz, 2006. "Public investment in transportation infrastructures and regional asymmetries in Portugal," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(4), pages 803-817, December.
    20. Klytchnikova, Irina & Dorosh, Paul, 2012. "Tourism sector in Panama : regional economic impacts and the potential to benefit the poor," Policy Research Working Paper Series 6183, The World Bank.
    21. Alfredo Pereira & Jorge Andraz, 2004. "Public highway spending and state spillovers in the USA," Applied Economics Letters, Taylor & Francis Journals, vol. 11(12), pages 785-788.
    22. Alfredo M. Pereira, 2000. "Is All Public Capital Created Equal?," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 513-518, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wenming Shi & Meifeng Luo & Mengjie Jin & Seu Keow Cheng & Kevin X. Li, 2020. "Urban–rural income disparity and inbound tourism: Spatial evidence from China," Tourism Economics, , vol. 26(7), pages 1231-1247, November.
    2. Domingues, Rita, 2021. "News Media Coverage And Public Reactions To A Red Tide At The Algarve Coast (Southern Portugal)," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 9(3), pages 176-188.
    3. F. Javier García-Delgado & Antonio Martínez-Puche & Rubén C. Lois-González, 2020. "Heritage, Tourism and Local Development in Peripheral Rural Spaces: Mértola (Baixo Alentejo, Portugal)," Sustainability, MDPI, vol. 12(21), pages 1-27, November.
    4. Ana Catarina Vieira & Luis Delfim Santos, 2017. "Tourism and regional development: a spatial econometric model for Portugal at municipal level," FEP Working Papers 589, Universidade do Porto, Faculdade de Economia do Porto.
    5. Claudio Calero & Lindsay W Turner, 2020. "Regional economic development and tourism: A literature review to highlight future directions for regional tourism research," Tourism Economics, , vol. 26(1), pages 3-26, February.
    6. Shuxiao Li & Zhanhong Cheng & Yun Tong & Biao He, 2022. "The Interaction Mechanism of Tourism Carbon Emission Efficiency and Tourism Economy High-Quality Development in the Yellow River Basin," Energies, MDPI, vol. 15(19), pages 1-23, September.
    7. Rui Tang, 2021. "The impact of integration policies on tourism industry convergence in the Yangtze River Delta: theoretical mechanism and empirical test," Letters in Spatial and Resource Sciences, Springer, vol. 14(2), pages 141-167, August.
    8. Gúčik Marian & Marciš Matúš, 2017. "Tourism as a Factor of Regional Development: The Case of Eastern Slovakia," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 10(4), pages 86-95, December.
    9. Luis Delfim Santos & Ana Catarina Vieira, 2020. "Tourism and regional development: a spatial econometric model for Portugal at municipal level," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 285-299, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jorge M. Andraz & Nélia M. Norte & Hugo S. Gonçalves, 2016. "Do tourism spillovers matter in regional economic analysis? An application to Portugal," Tourism Economics, , vol. 22(5), pages 939-963, October.
    2. Alfredo Pereira & Jorge Andraz, 2012. "On the economic and budgetary effects of investments in SCUTS: the Portuguese toll-free highways," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 48(1), pages 321-338, February.
    3. Alfredo Pereira & Jorge Andraz, 2012. "On the regional incidence of highway investments in the USA," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 48(3), pages 819-838, June.
    4. Alfredo M. Pereira & Rui M. Pereira & Pedro G. Rodrigues, 2019. "Health care investments and economic performance in Portugal: an industry level analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(6), pages 1174-1200, October.
    5. Alfredo M. Pereira & Jorge M. Andraz, 2010. "On the Economic and Fiscal Effects of Investments in Road Infrastructures in Portugal," International Economic Journal, Taylor & Francis Journals, vol. 25(3), pages 465-492, September.
    6. Alfredo Pereira & Maria Pinho, 2008. "Public investment and budgetary consolidation in Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 7(3), pages 183-203, December.
    7. Alfredo M. Pereira & Maria de Fátima Pinho, 2006. "Public Investment, Economic Performance and Budgetary Consolidation: VAR Evidence for the 12 Euro Countries," Working Papers 40, Department of Economics, College of William and Mary.
    8. Alfredo M. Pereira & Jorge M. Andraz, 2008. "On the Regional Incidence of Public Investment in Highways in the USA," Working Papers 70, Department of Economics, College of William and Mary, revised 15 Sep 2010.
    9. Marvão Pereira, Alfredo & Marvão Pereira, Rui Manuel, 2010. "Is fuel-switching a no-regrets environmental policy? VAR evidence on carbon dioxide emissions, energy consumption and economic performance in Portugal," Energy Economics, Elsevier, vol. 32(1), pages 227-242, January.
    10. Alfredo M. Pereira & Jorge M. Andraz, 2012. "On The Economic Effects Of Investment In Railroad Infrastructures In Portugal," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 37(2), pages 79-107, June.
    11. Alfredo Marvão Pereira & Oriol Roca-Sagales, 2007. "Public infrastructure and regional asymmetries in Spain," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 503-519.
    12. Alfredo Marvão Pereira & Rui M. Pereira, 2015. "Is All Infrastructure Investment Created Equal? The Case of Portugal," Working Papers 156, Department of Economics, College of William and Mary.
    13. Alfredo Marvão Pereira and Rui Manuel Pereira, 2020. "Infrastructure Investment, Labor Productivity, and International Competitiveness: The Case of Portugal," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 45(2), pages 1-29, June.
    14. Alfredo Marvão Pereira & Rui M. Pereira, 2016. "Identifying Priorities in Infrastructure Investment in Portugal," Working Papers 157, Department of Economics, College of William and Mary.
    15. Alfredo Marvão Pereira & Maria de Fátima Pinho & José da Silva Costa, 2005. "On the Long-term Economic and Budgetary Effects of Public-Sector Investment," ERSA conference papers ersa05p146, European Regional Science Association.
    16. Alfredo Marvão Pereira & Rui Manuel Pereira, 2017. "Infrastructure Investment in Portugal and the Traded/Non-Traded Industry Mix," GEE Papers 0078, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Sep 2017.
    17. Alfredo Marvao Pereira & Maria De Fatima Pinho, 2006. "Impact of Public Investment Upon Economic Performance and Budgetary Consolidation Efforts in the European Union," ERSA conference papers ersa06p122, European Regional Science Association.
    18. Alfredo Marvão Pereira & Rui Manuel Pereira, 2017. "On the Effects of Infrastructure Investments on Industrial CO2 Emissions in Portugal," GEE Papers 0081, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Oct 2017.
    19. Alfredo Marvão Pereira & Rui Manuel Pereira, 2017. "Why Virtuous Supply-Side Effects and Irrelevant Keynesian Effects are not Foregone Conclusions: What we Learn from an Industry-Level Analysis of Infrastructure Investments in Portugal," GEE Papers 0076, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Aug 2017.
    20. Carlo A. Favero, 2007. "Model Evaluation in Macroeconometrics: from early empirical macroeconomic models to DSGE models," Working Papers 327, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:touman:v:50:y:2015:i:c:p:257-267. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/tourism-management .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.