Tourism persistence in Spain: National versus international visitors

• Luis A Gil-Alana ^{[1] [2]} ; Águeda Gil-López ^[2] ; Elena San Román ^[3]
  1. [1] Universidad de Navarra

     Universidad de Navarra

     Pamplona, España

     
  2. [2] Universidad Francisco de Vitoria

     Universidad Francisco de Vitoria

     Pozuelo de Alarcón, España

     
  3. [3] Universidad Complutense de Madrid

     Universidad Complutense de Madrid

     Madrid, España

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 27, Nº. 4, 2021, págs. 614-625
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • In this article, we examine the statistical properties of the time series corresponding to the number of national and international visitors in Spain using fractional integration. This methodology allows us to examine the degree of persistence of the series, and thus, infer some conclusions about the nature of the shocks. According to the results reported in this work, seasonality matters in both cases, being more important in international tourism. Moreover, we observe significant differences in the degree of persistence between national and international tourism. Although both series seem to be mean reverting, with shocks having a transitory nature, higher orders of integration are observed in the case of the international arrivals