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

Author

Listed:
  • 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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    1. Christian Fischer & Luis Alberiko Gil-Alana, 2005. "The Nature of the Relationship between International Tourism and International Trade: The Case of Ge," Faculty Working Papers 15/05, School of Economics and Business Administration, University of Navarra.
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    12. María Santana-Gallego & Francisco J. Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez, 2010. "Exchange Rate Regimes and Tourism," Tourism Economics, , vol. 16(1), pages 25-43, March.
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    Cited by:

    1. Oscar Claveria, 2017. "“What really matters is the economic performance: Positioning tourist destinations by means of perceptual maps," IREA Working Papers 201713, University of Barcelona, Research Institute of Applied Economics, revised Jun 2017.
    2. Beatriz Tovar & David Boto-García & José Francisco Baños Pino, 2024. "Meeting externalities: The effects of educational training on support for tourism activities," Tourism Economics, , vol. 30(3), pages 785-805, May.
    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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