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Seasonal Analysis of Tourist Revenues: An Empirical Research for Greece

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  • Dritsakis, Nikolaos
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    Abstract

    This 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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    File URL: http://mpra.ub.uni-muenchen.de/25363/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 25363.

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    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
    Handle: RePEc:pra:mprapa:25363

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    Related research

    Keywords: seasonality; unit root; tourist revenues;

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    References

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    1. Breusch, T S, 1978. "Testing for Autocorrelation in Dynamic Linear Models," Australian Economic Papers, Wiley Blackwell, Wiley Blackwell, vol. 17(31), pages 334-55, December.
    2. Andreas Papatheodorou, 1999. "The demand for international tourism in the Mediterranean region," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 31(5), pages 619-630.
    3. Hylleberg, S. & Engle, R.F. & Granger, C.W.J. & Yoo, B.S., 1988. "Seasonal, Integration And Cointegration," Papers, Pennsylvania State - Department of Economics 6-88-2, Pennsylvania State - Department of Economics.
    4. Jeffrey A. Miron, 1990. "The Economics of Seasonal Cycles," NBER Working Papers 3522, National Bureau of Economic Research, Inc.
    5. Osborn, Denise R, et al, 1988. "Seasonality and the Order of Integration for Consumption," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 50(4), pages 361-77, November.
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    Cited by:
    1. 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.

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