Tourism and economic growth in Portugal: An empirical investigation of causal links
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://tmstudies.net/index.php/ectms/article/view/792 |
Resumo: | This study is designed to investigate the relationship between real income and both national and international tourism volume for Portugal. The study uses quarterly data and covers the period for 1995-2015. The stationary properties of the time series data are examined by using conventional and endogenous break unit root tests. The Johansen maximum likelihood cointegration and Toda-Yamamoto Granger causality tests are employed to search for a long-run relationship along with causality among the variables. The findings of the tests provide evidence for the existence of long-run cointegration relationship between arrivals at tourist accommodation establishments and real income. The causality results show that real income is caused by foreign tourist’s arrivals, and detect bilateral causality between domestic tourists and foreign tourists. |
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Tourism and economic growth in Portugal: An empirical investigation of causal linksTourism-led growth hypothesisdomestic touristsinternational touristscointegration analysisPortugalThis study is designed to investigate the relationship between real income and both national and international tourism volume for Portugal. The study uses quarterly data and covers the period for 1995-2015. The stationary properties of the time series data are examined by using conventional and endogenous break unit root tests. The Johansen maximum likelihood cointegration and Toda-Yamamoto Granger causality tests are employed to search for a long-run relationship along with causality among the variables. The findings of the tests provide evidence for the existence of long-run cointegration relationship between arrivals at tourist accommodation establishments and real income. The causality results show that real income is caused by foreign tourist’s arrivals, and detect bilateral causality between domestic tourists and foreign tourists.University of Algarve2016-01-31info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://tmstudies.net/index.php/ectms/article/view/792Revista Encontros Científicos - Tourism & Management Studies; v. 12 n. 1 (2016); 164-171Tourism & Management Studies; Vol. 12 N.º 1 (2016); 164-171Tourism & Management Studies; Vol. 12 No. 1 (2016); 164-171Revista Encontros Científicos - Tourism & Management Studies; Vol. 12 Núm. 1 (2016); 164-1712182-8466reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://tmstudies.net/index.php/ectms/article/view/792https://tmstudies.net/index.php/ectms/article/view/792/2388Copyright (c) 2016 Tourism & Management Studiesinfo:eu-repo/semantics/openAccessBento, Joao Paulo2024-01-24T12:54:27Zoai:ojs.pkp.sfu.ca:article/792Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:56:23.004196Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
title |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
spellingShingle |
Tourism and economic growth in Portugal: An empirical investigation of causal links Bento, Joao Paulo Tourism-led growth hypothesis domestic tourists international tourists cointegration analysis Portugal |
title_short |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
title_full |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
title_fullStr |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
title_full_unstemmed |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
title_sort |
Tourism and economic growth in Portugal: An empirical investigation of causal links |
author |
Bento, Joao Paulo |
author_facet |
Bento, Joao Paulo |
author_role |
author |
dc.contributor.author.fl_str_mv |
Bento, Joao Paulo |
dc.subject.por.fl_str_mv |
Tourism-led growth hypothesis domestic tourists international tourists cointegration analysis Portugal |
topic |
Tourism-led growth hypothesis domestic tourists international tourists cointegration analysis Portugal |
description |
This study is designed to investigate the relationship between real income and both national and international tourism volume for Portugal. The study uses quarterly data and covers the period for 1995-2015. The stationary properties of the time series data are examined by using conventional and endogenous break unit root tests. The Johansen maximum likelihood cointegration and Toda-Yamamoto Granger causality tests are employed to search for a long-run relationship along with causality among the variables. The findings of the tests provide evidence for the existence of long-run cointegration relationship between arrivals at tourist accommodation establishments and real income. The causality results show that real income is caused by foreign tourist’s arrivals, and detect bilateral causality between domestic tourists and foreign tourists. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-01-31 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://tmstudies.net/index.php/ectms/article/view/792 |
url |
https://tmstudies.net/index.php/ectms/article/view/792 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://tmstudies.net/index.php/ectms/article/view/792 https://tmstudies.net/index.php/ectms/article/view/792/2388 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2016 Tourism & Management Studies info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2016 Tourism & Management Studies |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
University of Algarve |
publisher.none.fl_str_mv |
University of Algarve |
dc.source.none.fl_str_mv |
Revista Encontros Científicos - Tourism & Management Studies; v. 12 n. 1 (2016); 164-171 Tourism & Management Studies; Vol. 12 N.º 1 (2016); 164-171 Tourism & Management Studies; Vol. 12 No. 1 (2016); 164-171 Revista Encontros Científicos - Tourism & Management Studies; Vol. 12 Núm. 1 (2016); 164-171 2182-8466 reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
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1799136448833650688 |