Portuguese Tourism Demand: A Dynamic Panel Data Analysis

Nuno Carlos Leit O
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Nuno Carlos Leit O: Polytechnic Institute of Santar m, ESGTS, Complexo Andaluz, Apt 295-2001-904- Santar m, and CEFAGE-UE, vora University, Portugal
Authors registered in the RePEc Author Service: Nuno Carlos Leitão

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 3, 673-677

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.

Keywords: Tourism demand; dynamic panel data; panel unit root test; Portugal. (search for similar items in EconPapers)
JEL-codes: C33 F10 H62 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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