The Nature of the Relationship between International Tourism and International Trade: The Case of German Imports of Spanish Wine

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The Nature of the Relationship between International Tourism and International Trade: The Case of German Imports of Spanish Wine

Author Info

Christian Fischer
Luis Alberiko Gil-Alana () (School of Economics and Business Administration, University of Navarra)

Additional information is available for the following registered author(s):

Luis Alberiko Gil-Alana

Abstract

This paper deals with the relationship between international trade and tourism. In particular, we focus on the effect that German tourism to Spain has on German imports of Spanish wine. Due to the different stochastic properties of the series under analysis, which display different orders of integration, we use a methodology based on long memory regression models, where tourism is supposed to be exogenous. The results show that at the aggregate level, tourism has an effect on wine imports that lasts between two and nine months. Disaggregating the imports across the different types of wine it is observed that only for red wines from Navarra, Penedús and Valdepeñas, and to a certain extent for sparkling wine, tourism produces an effect on its future demand. From a policy-making perspective our results imply that the impact of tourism on the host economy is not only direct and short-term but also oblique and delayed, thus reinforcing the case for tourism as a means for economic development.

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Paper provided by School of Economics and Business Administration, University of Navarra in its series Faculty Working Papers with number 15/05.

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Length: 42 pages pages
Date of creation: Oct 2005
Date of revision:
Handle: RePEc:una:unccee:wp1505

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Article
- Christian Fischer & Luis Gil-Alana, 2009. "The nature of the relationship between international tourism and international trade: the case of German imports of Spanish wine," Applied Economics, Taylor and Francis Journals, vol. 41(11), pages 1345-1359. [Downloadable!] (restricted)
Paper
- Fischer, Christian & Gil-Alana, Luis A., 2006. "The nature of the relationship between international tourism and international trade: the case of German imports of Spanish wine," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10049, European Association of Agricultural Economists. [Downloadable!]
- Fischer, Christian & Gil-Alana, Luis A., 2006. "The Nature of the Relationship between International Tourism and International Trade: The Case of German Imports of Spanish Wine," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25341, International Association of Agricultural Economists. [Downloadable!]

Find related papers by JEL classification:
F14 - International Economics - - Trade - - - Country and Industry Studies of Trade
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

This paper has been announced in the following NEP Reports:

NEP-ALL-2005-10-29 (All new papers)
NEP-EEC-2005-10-29 (European Economics)
NEP-INT-2005-10-29 (International Trade)
NEP-TUR-2005-10-29 (Tourism Economics)

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