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Second Homes In The Spanish Regions: Evolution In 2001-2007 And Impact On Tourism, Gdp And Employment

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  • GUISAN, Maria-Carmen
  • AGUAYO, Eva

Abstract

We present a provisional estimation of the evolution of second homes in the Spanish regions over the period 2001-2007, using this variable as one of the most important indicators of non hotel tourism, and compare with trends in the previous decade. We cite several studies and information related with the impact of second homes in Europe and North America. One conclusion regarding the number of second homes built in Spain during the last years is that, despite the housing boom, the annual percentage increase in 2001-2007 was very alike to the previous period 1991-2001. Spain is a country with very high demand for second homes, both for Spaniards and foreigners. We present a comparison of the number of overnight stays in second homes and hotels which show the great economic importance of both types of tourism. Finally we estimate several econometric models that take into account the impact of second homes on regional production and employment.

Suggested Citation

  • GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Second Homes In The Spanish Regions: Evolution In 2001-2007 And Impact On Tourism, Gdp And Employment," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
  • Handle: RePEc:eaa:eerese:v:10:y2010:i:2_6
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    File URL: http://www.usc.es/economet/reviews/eers1026.pdf
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    References listed on IDEAS

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    1. Martin Dijst & Martin Lanzendorf & Angela Barendregt & Leo Smit, 2005. "Second Homes In Germany And The Netherlands: Ownership And Travel Impact Explained," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 96(2), pages 139-152, April.
    2. Lopez, Carmen, 2002. "Modelos econometricos del mercado de la vivienda en las regiones españolas," Economic Development 59, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    3. Lopez-Andion, Carmen, 2002. "El comportamiento de los precios de la vivienda en las regiones españolas," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 2(1).
    4. Guisan, M.Carmen & Neira, I, 2001. "Un analisis econometrico del turismo hotelero y extra-hotelero en las regiones y provincias españolas," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 1(2), pages 121-140.
    5. F. J. Ledesma-Rodríguez & M. Navarro-Ibánez & J. V. Pérez-Rodríguez, "undated". "Panel data and tourism demand. The case of Tenerife," Working Papers 99-17, FEDEA.
    6. Guisan, M.C. & Aguayo, E., 2008. "Evolucion Del Turismo Hotelero En Las Regiones Españolas, 2001-2008," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(1), pages 129-142.
    7. Guisan, M.C., 2004. "Education, Research and Manufacturing in EU25: An Inter-Sectoral Econometric Model of 151 European Regions, 1995-2000," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 4(2), pages 21-32.
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    Cited by:

    1. Carmen GONZÁLEZ & Francisco JAREÑO, 2014. "Financial Analysis Of The Main Hotel Chains Of The Spanish Tourism Sector," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).

    More about this item

    Keywords

    Tourism other accommodation; Spanish regions; regional economic development; second homes; employment; services sector; building sector; econometric models of tourism.;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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