Tourism in Azores Islands: Persistence in the Monthly Arrivals
AbstractThis 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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Bibliographic InfoPaper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2008/09.
Date of creation: Feb 2008
Date of revision:
Contact details of provider:
Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC
Monthly arrivals; Seasonal fractional integration; Persistence; Azores Islands.;
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- Mita Bhattacharya & Paresh Kumar Narayan, 2005. "Testing for the random walk hypothesis in the case of visitor arrivals: evidence from Indian tourism," Applied Economics, Taylor & Francis Journals, vol. 37(13), pages 1485-1490.
- William Maloney & Gabriel V. Montes Rojas, 2005. "How elastic are sea, sand and sun? Dynamic panel estimates of the demand for tourism," Applied Economics Letters, Taylor & Francis Journals, vol. 12(5), pages 277-280.
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