EconPapers    
Economics at your fingertips  
 

Survival of the fittest: Tourism Exposure and Firm Survival

Hugo Reis, Paulo Rodrigues and Filipe B. Caires

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: In this paper, we estimate a discrete-time hazard model to study firm survival in the Portuguese Tourism sector. This sector has experienced a remarkable performance over the last decades. When compared to other sectors, tourism firms are more likely to exit: (i) if they are young (less than 10 years of existence); and (ii) if they belong to the lower tail of the firm distribution (i.e. belong to the group of worse performers). Within tourism related sectors, we find that firms whose activities are offered mostly to tourists, such as travel agencies and hotels, are always among the best performers in terms of survival. Moreover, despite of Tourism being one of the most volatile sectors in periods of high uncertainty, results show a higher survival resilience among established tourism associated firms.

Date: 2022
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-ent, nep-sbm and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.bportugal.pt/sites/default/files/anexos/papers/wp202206.pdf
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: Survival of the fittest: tourism exposure and firm survival (2023) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w202206

Access Statistics for this paper

More papers in Working Papers from Banco de Portugal, Economics and Research Department Contact information at EDIRC.
Bibliographic data for series maintained by DEE-NTD ().

 
Page updated 2024-04-15
Handle: RePEc:ptu:wpaper:w202206