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Panel data and tourism demand. The case of Tenerife

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Listed author(s):
  • F. J. Ledesma-Rodríguez
  • M. Navarro-Ibánez
  • J. V. Pérez-Rodríguez

Abstract

En este trabajo se hace un estudio de la demanda de servicios turísticos de la isla de Tenerife. Para ello, se llevan a cabo diversas estimaciones aplicando la técnica de panel de datos tanto a modelos de carácter estático como de naturaleza dinámica. En general, los resultados reflejan una reducida sensibilidad del número de turistas alojados frente al tipo de cambio y al coste del viaje. La elasticidad demanda-renta muestra la naturaleza de bien de lujo del producto turístico. Además, los gastos de promoción y en infraestructuras aparecen como significativos, aunque su influencia es reducida. Por último, se realizan diversos ejercicios de simulación y predicción.

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Paper provided by FEDEA in its series Working Papers with number 99-17.

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Handle: RePEc:fda:fdaddt:99-17
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  1. Lillard, Lee A & Willis, Robert J, 1978. "Dynamic Aspects of Earning Mobility," Econometrica, Econometric Society, vol. 46(5), pages 985-1012, September.
  2. Hausman, Jerry A & Taylor, William E, 1981. "Panel Data and Unobservable Individual Effects," Econometrica, Econometric Society, vol. 49(6), pages 1377-1398, November.
  3. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
  4. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
  5. Ahn, Seung C. & Schmidt, Peter, 1995. "Efficient estimation of models for dynamic panel data," Journal of Econometrics, Elsevier, vol. 68(1), pages 5-27, July.
  6. Quah, Danny, 1994. "Exploiting cross-section variation for unit root inference in dynamic data," Economics Letters, Elsevier, vol. 44(1-2), pages 9-19.
  7. Harris, Richard D. F. & Tzavalis, Elias, 1999. "Inference for unit roots in dynamic panels where the time dimension is fixed," Journal of Econometrics, Elsevier, vol. 91(2), pages 201-226, August.
  8. Wallace, T D & Hussain, Ashiq, 1969. "The Use of Error Components Models in Combining Cross Section with Time Series Data," Econometrica, Econometric Society, vol. 37(1), pages 55-72, January.
  9. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
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Cited by:

  1. Gardella, Rodrigo & Alvarez, Lia, 2003. "Indicadores sectoriales y desarrollo economico en Latinoamerica," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 3(2).
  2. Naudé, Wim & Saayman, Andrea, 2005. "Determinants of tourist arrivals in Africa: a panel data regression analysis," MPRA Paper 16479, University Library of Munich, Germany.
  3. 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).

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