CULTURE OR NATURE: A SPACE-TIME ANALYSIS ON THE DETERMINANTS OF TOURISM DEMAND IN EUROPEAN REGIONS

João Romão ()
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João Romão: University of Algarve, Postal: Research Centre for Spatial and Organizational Dynamics, university of Algarve, Campus de Gambelas, 8005-139 Faro, Portugal, http://www.cieo.pt/

No 2015-3, Spatial and Organizational Dynamics Discussion Papers from CIEO-Research Centre for Spatial and Organizational Dynamics, University of Algarve

Abstract: Despite the close relationship between tourism and territory, the application of spatial analysis methods in tourism is not abundant in the literature. Nevertheless, the recent developments in the analysis of space-time models, the existence of geo-referenced information and the availability of suitable software tools has created new opportunities for studying the role of space in tourism activities. A space-time panel data model is developed in this work in order to analyse the relations between tourism demand and the existence of infrastructures, cultural assets and natural resources in European regions, including the analysis of spatial effects. The results reveal the positive impacts of the explanatory variables on tourism demand and the clear existence of spatial correlations, suggesting that regional tourism demand benefits from the dynamics registered in neighborhood regions. Policy implications - including the need for a multi-regional approach for planning and promotion of tourism - are discussed.

Keywords: Space-time Model; Panel Data; Spatial Analysis; Tourism Demand (search for similar items in EconPapers)
JEL-codes: C21 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2015-05-08
New Economics Papers: this item is included in nep-cul, nep-eur, nep-geo, nep-tur and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ris:cieodp:2015_003

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