Testing the empirical link between tourism and competitiveness: evidence from Puerto Rico

Robertico Croes ^[1] ; Manuel Antonio Rivera ^[2]
1. [1] University of Central Florida
  
  University of Central Florida
  
  Estados Unidos
2. [2] Ana G. Mendez University System
  
  Ana G. Mendez University System
  
  Puerto Rico
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 16, Nº. Extra 1, 2010 (Ejemplar dedicado a: Special Focus: The Economics of Tourism – New Directions), págs. 217-234
Idioma: inglés
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Resumen
- This study examines the empirical relationship between tourism and the competitiveness of a destination. It uses the cointegration and error correction model (ECM) in a bivariate context as a precondition to apply the Granger causality test. This procedure was carried out in the case of Puerto Rico's tourism industry during 1960-2004. The study found cointegration in the intertemporal rather than the contemporaneous effects, as well as a one-directional causality running from changes in tourism spending to changes in competitiveness. This result highlights the long-run equilibrium spending behaviour of tourists as a major concern of destination managers.