Detection of empirical relationships between the North Atlantic Oscillation and international tourism demand to the Balearic Islands
This paper analyses the relationship between the North Atlantic Oscillation (NAO) and the tourist arrivals to the Balearic Islands from Germany and United Kingdom. The sample period for all time series goes from 1980 to 2008. Using the Granger Causality test and an analysis based on cross-correlation functions, this study discovers the existence of a statistical connection between the variables object of analysis.
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