Methods for measuring the effects of the EU presidency on international tourism

• Egon Smeral ^{[1] [2]} ; Michael Wüger ^[1]
  1. [1] Austrian Institute of Economic Research

     Austrian Institute of Economic Research

     Innere Stadt, Austria

     
  2. [2] University of Innsbruck

     University of Innsbruck

     Innsbruck, Austria

     
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 14, Nº. 2, 2008, págs. 313-324
• Idioma: inglés
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• Resumen

  • This study uses time-series techniques and econometric approaches to quantify the effects that organizing an EU presidency has on the tourism exports of a country. The approach of explaining tourism revenues by a time-series intervention model filters out special effects (data discontinuations, exchange rates, events, media reports, etc) by outlier detection methods, maps influences from trends, the business cycle and seasonal effects in an ARIMA model and depicts the effect of an EU presidency by way of an intervention variable. Using econometric indicator approaches, a country's tourism exports are controlled for seasonal and special influences, habitual effects and demand trends by way of suitable indicators and a dummy variable is used to test whether the EU presidency makes a statistically significant contribution to the revenues from tourism.