Seasonal Analysis of Tourist Revenues: An Empirical Research for Greece
AbstractThis paper examines the role and factors of seasonality in tourist revenues in the case of Greece. The empirical analysis of the current research is conducted using quarterly data for the period 1960:I– 2005:IV. Osborn et. al. (1998), Miron (1994) and Hylleberg et al. (1990) tests for seasonal unit roots are used to examine deterministic and stochastic seasonality in the various series. The results revealed that tourist revenues in Greece are to some extent seasonal, which implies that most involving parties should extend tourist period aiming at developing tourism of all seasons. Finally, recommendations are provided to deal with the “problem” of seasonality.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 25363.
Date of creation: 10 Dec 2007
Date of revision: 25 Feb 2008
Publication status: Published in TOURISMOS: An International Multidisciplinary Refereed Journal of Tourism 2.3(2008): pp. 57-71
seasonality; unit root; tourist revenues;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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