Museum and monument attendance and tourism flow: A time series analysis approach

Roberto Cellini and Tiziana Cuccia

MPRA Paper from University Library of Munich, Germany

Abstract: This paper takes a time series analysis approach to evaluate the directions of causality between tourism flows, on the one side, and museum and monument attendance, on the other. We consider Italy as a case study, and analyze monthly data over the period January 1996 to December 2007. All considered series are seasonally integrated, and co-integration links emerge. We focus on the error correction mechanism among co-integrated time series to detect the directional link(s) of causality. Clear-cut results emerge: generally, the causality runs from tourist flows to museum and monument attendance. The non-stationary nature of time series, their co-integration relationships, and the direction of causal links suggest specific implication for tourism and cultural policies.

Keywords: Tourism; Museum; Seasonal unit root; Co-integration; Causality. (search for similar items in EconPapers)
JEL-codes: C22 C32 Z10 (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-cul and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18908

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