Modelización econométrica de la demanda de turistas británicos a España
- Marcos Alvarez-Díaz
- Manuel González-Gómez
- María Soledad Otero-Giráldez
- Ana Belén Trigo Iglesias
Year of publication: 2014
Issue: 4
Type: Article
Abstract
In spite of the importance of international tourism for the Spanish economy, this sector has been scarcely studied. It is for this reason that this study aims to construct a robust econometric model that allows us (i) to know the most important variables to explain the British demand for tourism to Spain, and (ii) to quantify the impacts of these variables on the demand. For this purpose, we follow a three-step modeling procedure. First, we find out if there is a long-run relationship between tourism demand and a set of economic explanatory variables. Second, we model such long-run relationship where we include the effect of some special events. Third, we not only study the effect of these variables, but also we offer a point and interval estimation of their effects. The interval estimation is done by using an efficient method called bootstrapping.