Exploring the dynamics of the efficiency in the Italian hospitality sector. A regional case study
Manuela Deidda (),
Nicolás Garrido and
M. Pulina ()
Authors registered in the RePEc Author Service: Juan Gabriel Brida ()
Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia
This paper introduces a methodology to describe and compare the economic relative performance of the hospitality sector of the Italian regions during the period 2000-2004. Dynamics of the hospitality sector of each region is represented by the evolution of its economic efficiency. The investigation involves the following steps - a static Data Envelopment Analysis (DEA) to estimate the pure economic efficiency; two different notions of distances between time series and hierarchical clustering techniques are used to classify the economies in the sample. By using a correlation-based distance, three main clusters are detected, while two clusters are identified when the average distance is used. The trend patterns, identified by employing the correlation distance, can be interpreted in terms of exogenous factors that influence the economic efficiency of the group of regions, causing shocks picked up by the high volatility as well as structural breaks. By employing the average distance, one infers information on the cluster that have had similar efficiency values over the period under analysis. This efficiency can be also interpreted in terms of a particular type of hospitality management as well as the firm structure. Following the analysis, some policy and management implications are presented.
Keywords: regional hospitality sector; window dea; hierarchical clustering (search for similar items in EconPapers)
JEL-codes: C24 C14 L83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-cse, nep-hea and nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:201117
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