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How resilient is La Réunion in terms of international tourism attractiveness: an assessment from unit root tests with structural breaks from 1981-2015

Amélie Charles, Olivier Darné and Jean-François Hoarau ()
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Amélie Charles: Audencia Recherche - Audencia Business School

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Abstract: Even if local policymakers increasingly claim that tourism is one of the key factors of future economic development for the French small island La Réunion, international tourist arrivals are observed to be locked in a stagnation phase since the beginning of the 2000s. Starting from this stylized fact, this article aims to study if this phenomenon results from major external events hurting this economy regularly. Next, by using univariate unit root procedures with structural breaks, we test for evidence of permanent or transitory effects of external shocks on international tourist inflows (total, by source markets, and by category) over the period 1981–2015. Finally, the empirical analysis allows us to reject the null of a unit root. Then, stagnation of tourism arrivals to La Réunion is not due to exogenous shocks but probably results from endogenous impediments within the domestic tourism industry and unsuitable public policies.

Keywords: External shocks; La Réunion; life cycle model; tourism; unit root (search for similar items in EconPapers)
Date: 2019-02-07
Note: View the original document on HAL open archive server: http://hal.univ-reunion.fr/hal-02015103
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Published in Applied Economics, Taylor & Francis (Routledge), 2019, pp.1-15

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Journal Article: How resilient is La Réunion in terms of international tourism attractiveness: an assessment from unit root tests with structural breaks from 1981-2015 (2019) Downloads
Working Paper: How resilient is La Réunion in terms of international tourism attractiveness: an assessment from unit root tests with structural breaks from 1981-2015 (2019) Downloads
Working Paper: How resilient is La Réunion interms of international tourism attractiveness: an assessment from unit root tests with structural breaks from1981-2015 (2018) Downloads
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