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http://hdl.handle.net/10553/135655
Título: | Productivity growth of Spanish tourist wineries using a directional distance approach | Autores/as: | Hernández Guedes, Christian Pérez Rodríguez, Jorge Vicente |
Clasificación UNESCO: | 531290 Economía sectorial: turismo | Palabras clave: | Directional Distance Function Luenberger-Hicks-Moorsteen Index Productivity Wine Tourism Wineries |
Fecha de publicación: | 2024 | Publicación seriada: | Tourism Economics | Resumen: | This paper analyses, in a two-step procedure, the productivity growth of 69 Spanish wineries (period 1998-2022) which offer tourism activities at their installations. To do so, we firstly calculate the total factor productivity (TFP) change using a directional distance function (DDF) and the Luenberger-Hicks-Moorsteen (LHM) TFP indicator introduced by Ang and Kerstens (2017), which allows us to correctly distinguish between technological change (TC), technical inefficiency change (TINC) and scale inefficiency change (SINC). Although a high efficiency is found in median terms, productivity decreased during the period in cumulative terms. This is explained by two contrasting forces: a positive TINC and SINC, and a negative TC. In a second step, we analyse the effect of some factors on TFP change and its components using a dynamic panel data model. Several practical implications are proposed based on these outcomes. | URI: | http://hdl.handle.net/10553/135655 | ISSN: | 1354-8166 | DOI: | 10.1177/13548166241307412 | Fuente: | Tourism Economics[ISSN 1354-8166], (Enero 2024) |
Colección: | Artículos |
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