Portuguese tourism demand:a dynamic panel data analysis

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 2015 Portugal English Publisher:EconJournalsJournal:International Journal of Economics and Financial Issues, volume 5, pages 673-677

Authors: Leitão, Nuno Carlos;

handle: 10400.15/2125

Portuguese tourism demand:a dynamic panel data analysis

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Abstract

This article considers the determinants of Portuguese tourism demand for the period 2004-2013. The econometric methodology uses a panel unit root test and the dynamic panel data (GMM-system estimator). The different techniques of panel unit root (Levin, Lin and Chu; Im, Pesaran and Shin W-stat and augmented Dickey-Fuller - Fisher Chi-square) show that the variables used in this panel are stationary. The dynamic model proves that tourism demand is a dynamic process. The variables relative prices, income per capita, human capital and government spending encourage international tourism demand for Portugal.

Country

Portugal

Related Organizations

University of Évora
Portugal
Polytechnic Institute of Santarém
Portugal

Keywords

Panel unit root test, Tourism demand, Portugal, Tourism demand, dynamic panel data, panel unit root test, Portugal., Tourism demand;dynamic panel data;panel unit root test;Portugal, Dynamic panel data, jel: jel:H62, jel: jel:F10, jel: jel:C33

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