International Arrivals in the Canary Islands: Persistence, Long Memory, Seasonality and other Implicit Dynamics

Luis Gil-Alana

Tourism Economics, 2010, vol. 16, issue 2, 287-302

Abstract: This study models international monthly arrivals in the Canary Islands using different time-series approaches that enable an examination of the degree of persistence of the series. The author focuses on long memory processes at the long-run or zero frequency, at the seasonal frequencies and at both simultaneously. A forecasting experiment is also conducted and the results indicate that the model with two differencing parameters seems to be the most adequate specification for this series, being non-stationary with respect to the two components and mean reverting with respect to the seasonal structure.

Keywords: monthly arrivals; seasonal fractional integration; persistence; Canary Islands (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:16:y:2010:i:2:p:287-302

DOI: 10.5367/000000010791305581

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