The Effects of Economic Crises on Tourism Success: An Integrated Model

José Francisco Perles-Ribes, Ana Belén Ramón-Rodríguez, Martín Sevilla-Jiménez and Antonio Rubia
Authors registered in the RePEc Author Service: José Francisco Perles Ribes

Tourism Economics, 2016, vol. 22, issue 2, 417-447

Abstract: 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.

Keywords: economic crisis; destination competitiveness; permanent shocks; economic transmission mechanisms; switching regression models (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:22:y:2016:i:2:p:417-447

DOI: 10.5367/te.2014.0428

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