Museum and monument attendance and tourism flow: a time series analysis approach
Abstract
This article takes a time-series analysis approach to evaluate the directions of causality between tourism flows, on the one side, and museum and monument attendance, on the other. We consider Italy as a case study, and analyse monthly data over the period January 1996 to December 2010. All the considered series are seasonally integrated, and co-integration links emerge. We focus on the error-correction mechanism among co-integrated time series to detect the directional link(s) of causality. Clear-cut results emerge: bi-directional causality exists in the long-run dynamics, but it is the long-run dynamics of visits to museums and monuments that mainly adjust to tourism variables (arrivals, overnights, average stays). In the short run, there are some causal effects going from the cultural sites’ attendance to tourism dynamics. The nonstationary nature of time series, their co-integration relationships and the direction of causal links suggest specific implications for tourism and cultural policies.Download Info
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Bibliographic Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 45 (2013)
Issue (Month): 24 (August)
Pages: 3473-3482
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Related research
Keywords:Other versions of this item:
- Cellini, Roberto & Cuccia, Tiziana, 2009. "Museum and monument attendance and tourism flow: A time series analysis approach," MPRA Paper 18908, University Library of Munich, Germany.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- Z10 - Other Special Topics - - Cultural Economics - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- F. Di Lascio & Simone Giannerini & Antonello Scorcu & Guido Candela, 2011. "Cultural tourism and temporary art exhibitions in Italy: a panel data analysis," Statistical Methods and Applications, Springer, vol. 20(4), pages 519-542, November.
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"The Effects of World Heritage Sites on Domestic Tourism: A Spatial Interaction Model for Italy,"
Working Papers
wp834, Dipartimento Scienze Economiche, Universita' di Bologna.
- Roberto Patuelli & Maurizio Mussoni & Guido Candela, 2012. "The Effects of World Heritage Sites on Domestic Tourism: A Spatial Interaction Model for Italy," Working Paper Series 14_12, The Rimini Centre for Economic Analysis, revised Jan 2013.
- JG. Brida & M. Pulina & E. Riaño, 2010. "Visitors’ experience in a modern art museum: a structural equation model," Working Paper CRENoS 201026, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
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