This study analyses the persistence in the international monthly arrivals to the Azores Islands using a model based on fractional integration and seasonal autoregressions. The estimated fractional differencing parameter gives an indication of the long run evolution of the series. We use both aggregate data and disaggregate monthly data by location of origin and island destination. The results show that the aggregate series corresponding to the total number of arrivals is a nonstationary I(d) process with d above 1, and the most persistent ones are those travelling to Säo Miguel, especially from Holland, Finland, Norway, Germany, Denmark and the UK.
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Paper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number
2008/09.
Length: Date of creation: Feb 2008 Date of revision: Handle: RePEc:ise:isegwp:wp92008
Contact details of provider: Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL Web page: http://www.iseg.utl.pt/departamentos/economia/
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