Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/47027
Título: Tourism and trade in OECD countries: a dynamic heterogeneous panel data analysis
Autores/as: Santana Gallego,Maria 
Ledesma Rodríguez,Francisco 
Pérez Rodríguez, Jorge Vicente 
Clasificación UNESCO: 531290 Economía sectorial: turismo
Palabras clave: Tourism flows
International trade
Cointegration
Panel data
Causality
Fecha de publicación: 2011
Publicación seriada: Empirical Economics 
Resumen: This article studies the empirical link between international tourism and trade. We apply dynamic heterogeneous panel data techniques to analyse both long and short-run relationship for the case study of OECD countries. This link is studied by estimating the cointegration vector and analysing the short causality between variables. The analysis recognises that inbound tourism can promote international trade and also that international flow of goods requires and may encourage tourist arrivals and departures. The statistical significance of this link supports the presence of business opportunities due to the potential complementary relationship between tourism and trade. The results suggest a short-run nexus between tourism and trade, and that these variables are cointegrated.
URI: http://hdl.handle.net/10553/47027
ISSN: 0377-7332
DOI: 10.1007/s00181-011-0477-9
Fuente: Empirical Economics [ISSN 0377-7332], v. 41, p. 533-554
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