The effects of economic crises on tourism success: an integrated model
| Contribuinte(s) |
Universidad de Alicante. Departamento de Análisis Económico Aplicado Universidad de Alicante. Departamento de Economía Financiera y Contabilidad Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) Internacionalización de la Empresa y Comercio Exterior Recursos Hídricos y Desarrollo Sostenible Finanzas de Mercado y Econometría Financiera |
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| Data(s) |
16/06/2016
16/06/2016
01/04/2016
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| Resumo |
This paper provides a theoretical model of the influence of economic crises on tourism destination performance. It discusses the temporary and permanent effects of economic crises on the global market shares of tourism destinations through a series of potential transmission mechanisms based on the main economic competitiveness determinants identified in the literature. The proposed model explains the non-neutrality of economic shocks in tourism competitiveness. The model is tested on Spain's tourism industry, which is among the leaders of the global tourism sector, for the period 1970–2013 using non-linear econometric techniques. The empirical analysis confirms that the proposed model is appropriate for explaining the changes in the market positions caused by the economic crises. Financial support from project ECO2011–29751 is acknowledged. |
| Identificador |
Tourism Economics. 2016, 22(2): 417-447. doi:10.5367/te.2014.0428 1354-8166 (Print) 2044-0375 (Online) http://hdl.handle.net/10045/55948 10.5367/te.2014.0428 |
| Idioma(s) |
eng |
| Publicador |
IP Publishing |
| Relação |
http://dx.doi.org/10.5367/te.2014.0428 |
| Direitos |
© IP Publishing Ltd. info:eu-repo/semantics/openAccess |
| Palavras-Chave | #Economic crisis #Destination competitiveness #Permanent shocks #Economic transmission mechanisms #Switching regression models #Economía Aplicada #Economía Financiera y Contabilidad |
| Tipo |
info:eu-repo/semantics/article |
