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Tourism and regional development: a spatial econometric model for Portugal at municipal level

Ana Catarina Vieira () and Luis Delfim Santos ()
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Ana Catarina Vieira: Faculdade de Economia do Porto
Luis Delfim Santos: Faculdade de Economia do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: This study examines the importance of tourism as a factor for regional economic development in Mainland Portugal, emphasizing the inter-regional spatial spillover effects. A spatial analysis of the main variables of the tourism sector revealed strong evidence of positive spatial autocorrelation across the municipalities of Portugal. A significant spatial clustering of these activities on coastal location was identified, leading to the formation of hot spots in coastal regions and cold spots in inland regions. Furthermore, this work specifies spatial econometric models aiming to estimate the relevance of the tourism sector in regional economic development, on a municipal level. The results show that tourism is a significant driver of regional economic development. Moreover, they revealed the presence of positive and significant inter-regional spillover effects, which strongly enhance tourism’s economic impact.

Keywords: tourism sector; spillover effects; spatial econometrics; Portugal (search for similar items in EconPapers)
JEL-codes: C21 R12 Z32 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2017-05
New Economics Papers: this item is included in nep-geo, nep-tur and nep-ure
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