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Museum and monument attendance and tourism flow: A time series analysis approach

  • Cellini, Roberto
  • Cuccia, Tiziana

This paper takes a time series analysis approach to evaluate the directions of causality between tourism flows, on the one side, and museum and monument attendance, on the other. We consider Italy as a case study, and analyze monthly data over the period January 1996 to December 2007. All considered series are seasonally integrated, and co-integration links emerge. We focus on the error correction mechanism among co-integrated time series to detect the directional link(s) of causality. Clear-cut results emerge: generally, the causality runs from tourist flows to museum and monument attendance. The non-stationary nature of time series, their co-integration relationships, and the direction of causal links suggest specific implication for tourism and cultural policies.

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File URL: https://mpra.ub.uni-muenchen.de/18908/1/MPRA_paper_18908.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18908.

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Date of creation: Nov 2009
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Handle: RePEc:pra:mprapa:18908
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  1. Victor Ginsburgh & David Throsby, 2006. "Handbook of the Eonomics of Art and Culture," ULB Institutional Repository 2013/152412, ULB -- Universite Libre de Bruxelles.
  2. Ghysels,Eric & Osborn,Denise R., 2001. "The Econometric Analysis of Seasonal Time Series," Cambridge Books, Cambridge University Press, number 9780521562607.
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  10. Inder, Brett, 1993. "Estimating long-run relationships in economics : A comparison of different approaches," Journal of Econometrics, Elsevier, vol. 57(1-3), pages 53-68.
  11. Lampi, Elina & Orth, Matilda, 2008. "Who visits the museums? A comparison between stated preferences and observed effects of entrance fees," Working Papers in Economics 298, University of Gothenburg, Department of Economics.
  12. Silvia Fedeli & Michele Santoni, 2006. "The Government's Choice of Bureaucratic Organisation: An Application to Italian State Museums," Journal of Cultural Economics, Springer, vol. 30(1), pages 41-72, March.
  13. Dritsakis, Nikolaos, 2007. "Seasonal Analysis of Tourist Revenues: An Empirical Research for Greece," MPRA Paper 25363, University Library of Munich, Germany, revised 25 Feb 2008.
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  23. Hylleberg, Svend, 1995. "Tests for seasonal unit roots general to specific or specific to general?," Journal of Econometrics, Elsevier, vol. 69(1), pages 5-25, September.
  24. Beatriz Plaza, 2008. "On Some Challenges and Conditions for the Guggenheim Museum Bilbao to be an Effective Economic Re-activator," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(2), pages 506-517, 06.
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  27. Christine Lim & Michael McAleer, 2000. "A seasonal analysis of Asian tourist arrivals to Australia," Applied Economics, Taylor & Francis Journals, vol. 32(4), pages 499-509.
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