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Tourism and Trade in Small Island Regions: The Case of the Canary Islands

Author

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  • María Santana-Gallego
  • Francisco Ledesma-Rodríguez
  • Jorge V. Pérez-Rodríguez

Abstract

The main objective of this paper is to study the relationship between international trade and tourism in small island regions (that is, territories that are dependent to a significant degree on the rest of the world). To that end, the authors explore the different forms this relationship can take and apply cointegration and the Granger causality test to the case of the Canary Islands. The results suggest a long-term bidirectional relationship between tourism and trade, while the short-run link lies mainly in the trade generated by tourist arrivals.

Suggested Citation

  • María Santana-Gallego & Francisco Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez, 2011. "Tourism and Trade in Small Island Regions: The Case of the Canary Islands," Tourism Economics, , vol. 17(1), pages 107-125, February.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:1:p:107-125
    DOI: 10.5367/te.2011.0029
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    References listed on IDEAS

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    3. Cristina Oliveira & Paulo Rita & Sérgio Moro, 2021. "Unveiling Island Tourism in Cape Verde through Online Reviews," Sustainability, MDPI, vol. 13(15), pages 1-14, July.
    4. Hassan F Gholipour & Reza Tajaddini & Usama Al-mulali, 2022. "Dutch Disease phenomenon and demand for international business travels: Panel ARDL/PMG estimation," Tourism Economics, , vol. 28(5), pages 1401-1415, August.
    5. Veronica Leoni & David Boto-García, 2023. "The Effect of Natural Disasters on Hotel Demand, Supply and Labour Markets: Evidence from the La Palma Volcano Eruption," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(4), pages 755-780, December.
    6. Claudio Detotto & Sauveur Giannoni & Claire Goavec, 2017. "Does good governance attract tourists?," Working Papers 002, Laboratoire Lieux, Identités, eSpaces et Activités (LISA).

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