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Panel Data and Tourism: A Case Study of Tenerife

Author

Listed:
  • Francisco J. Ledesma-Rodríguez
  • Manuel Navarro-Ibáñez
  • Jorge V. Pérez-Rodríguez

    (Facultad de Ciencias Económicas y Empresariales, Dpto. Métodos Cuantitativos en Economía y Gestión, University of Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain)

Abstract

The authors estimate short-run and long-run elasticities for tourists visiting the island of Tenerife. Panel data analysis has rarely been used in previous empirical research. Most of the work in this field takes a price and an income variable to explain tourism demand, and less attention has been given to other variables, such as promotional expenditure. The authors find a significant influence in this variable. They also obtain significant elasticities for income, exchange rate, cost of the trip, and infrastructure.

Suggested Citation

  • Francisco J. Ledesma-Rodríguez & Manuel Navarro-Ibáñez & Jorge V. Pérez-Rodríguez, 2001. "Panel Data and Tourism: A Case Study of Tenerife," Tourism Economics, , vol. 7(1), pages 75-88, March.
    • Handle: RePEc:sae:toueco:v:7:y:2001:i:1:p:75-88
    DOI: 10.5367/000000001101297748
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    Citations

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    Cited by:

    1. Mattia Cai & Roberto Ferrise & Marco Moriondo & Paulo A.L.D. Nunes & Marco Bindi, 2011. "Climate Change and Tourism in Tuscany, Italy. What if heat becomes unbearable?," Working Papers 2011.67, Fondazione Eni Enrico Mattei.
    2. Judith Turrión-Prats & Juan Antonio Duro, 2017. "Tourist seasonality in Catalonia," Tourism Economics, , vol. 23(4), pages 846-853, June.
    3. Cem Işık & Ercan Sirakaya-Turk & Serdar Ongan, 2020. "Testing the efficacy of the economic policy uncertainty index on tourism demand in USMCA: Theory and evidence," Tourism Economics, , vol. 26(8), pages 1344-1357, December.
    4. Rodríguez, Xosé A. & Martínez-Roget, Fidel & Pawlowska, Ewa, 2012. "Academic tourism demand in Galicia, Spain," Tourism Management, Elsevier, vol. 33(6), pages 1583-1590.
    5. Santana-Jiménez, Yolanda & Hernández, Juan M., 2011. "Estimating the effect of overcrowding on tourist attraction: The case of Canary Islands," Tourism Management, Elsevier, vol. 32(2), pages 415-425.
    6. María Santana-Gallego & Francisco Ledesma-Rodríguez & Jorge Pérez-Rodríguez, 2011. "Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis," Empirical Economics, Springer, vol. 41(2), pages 533-554, October.
    7. Neelu Seeteram, 2010. "A Dynamic Panel Data Analysis of the Immigration and Tourism Nexus," Monash Economics Working Papers 39-10, Monash University, Department of Economics.
    8. Juan Luis Eugenio-Martín & Noelia Martín Morales & Riccardo Scarpa, 2004. "Tourism and Economic Growth in Latin American Countries: A Panel Data Approach," Working Papers 2004.26, Fondazione Eni Enrico Mattei.
    9. Yap, Ghialy & Allen, David, 2011. "Investigating other leading indicators influencing Australian domestic tourism demand," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 81(7), pages 1365-1374.
    10. E. M. Ekanayake & Mihalis Halkides & John R. Ledgerwood, 2012. "Inbound International Tourism To The United States: A Panel Data Analysis," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 5(3), pages 15-27.
    11. Ms. Evridiki Tsounta, 2008. "What Attracts Tourists to Paradise?," IMF Working Papers 2008/277, International Monetary Fund.
    12. Claveria, Oscar & Datzira, Jordi, 2008. "Tourism Demand in Catalonia: Detecting External Economic Factors," MPRA Paper 25303, University Library of Munich, Germany, revised 12 Apr 2008.
    13. Gómez–Déniz, E. & Pérez–Rodríguez, J.V., 2019. "Modelling distribution of aggregate expenditure on tourism," Economic Modelling, Elsevier, vol. 78(C), pages 293-308.
    14. Omkar Joshi & Neelam C. Poudyal & Lincoln R. Larson, 2017. "The influence of sociopolitical, natural, and cultural factors on international tourism growth: a cross-country panel analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(3), pages 825-838, June.
    15. Agiomirgianakis, George & Serenis, Dimitrios & Tsounis, Nicholas, 2017. "Effective timing of tourism policy: The case of Singapore," Economic Modelling, Elsevier, vol. 60(C), pages 29-38.
    16. Su, Yu-Wen & Lin, Hui-Lin, 2014. "Analysis of international tourist arrivals worldwide: The role of world heritage sites," Tourism Management, Elsevier, vol. 40(C), pages 46-58.
    17. Mukesh Kumar & Sanjeev Prashar & RK Jana, 2019. "Does international tourism spur international trade and output? Evidence from wavelet analysis," Tourism Economics, , vol. 25(1), pages 22-33, February.
    18. Seetaram, Neelu & Petit, Sylvain, 2012. "Panel data analysis in Tourism Research," MPRA Paper 75086, University Library of Munich, Germany.
    19. Tsui, Kan Wai Hong & Tan, David & Chow, Clement Kong Wing & Shi, Song, 2019. "Regional airline capacity, tourism demand and housing prices: A case study of New Zealand," Transport Policy, Elsevier, vol. 77(C), pages 8-22.
    20. Turrión Prats, Judith & Duro Moreno, Juan Antonio, 2017. "Seasonality Determinants for the Main Markets in Spain," Working Papers 2072/306517, Universitat Rovira i Virgili, Department of Economics.
    21. Francisco Ledesma & Manuel Navarro & Jorge Perez-Rodriguez, 2005. "Return to tourist destination. Is it reputation, after all?," Applied Economics, Taylor & Francis Journals, vol. 37(18), pages 2055-2065.
    22. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "“Regional tourism demand forecasting with machine learning models: Gaussian process regression vs. neural network models in a multiple-input multiple-output setting"," IREA Working Papers 201701, University of Barcelona, Research Institute of Applied Economics, revised Jan 2017.
    23. Turrión Prats, Judith, 2016. "Tourist Seasonality and the Role of Markets," Working Papers 2072/290755, Universitat Rovira i Virgili, Department of Economics.
    24. Duro Moreno, Juan Antonio & Turrión Prats, Judith, 2018. "Tourism seasonality worldwide," Working Papers 2072/351586, Universitat Rovira i Virgili, Department of Economics.
    25. Seetaram, Neelu, 2010. "Computing airfare elasticities or opening Pandora's box," Research in Transportation Economics, Elsevier, vol. 26(1), pages 27-36.

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