The effects of economic crises on tourism success: an integrated model

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Title: The effects of economic crises on tourism success: an integrated model
Authors: Perles Ribes, José Francisco | Ramón-Rodríguez, Ana B. | Sevilla-Jiménez, Martín | Rubia Serrano, Antonio
Research Group/s: Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) | Internacionalización de la Empresa y Comercio Exterior | Recursos Hídricos y Desarrollo Sostenible | Finanzas de Mercado y Econometría Financiera
Center, Department or Service: Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad
Keywords: Economic crisis | Destination competitiveness | Permanent shocks | Economic transmission mechanisms | Switching regression models
Knowledge Area: Economía Aplicada | Economía Financiera y Contabilidad
Issue Date: Apr-2016
Publisher: IP Publishing
Citation: Tourism Economics. 2016, 22(2): 417-447. doi:10.5367/te.2014.0428
Abstract: This paper provides a theoretical model of the influence of economic crises on tourism destination performance. It discusses the temporary and permanent effects of economic crises on the global market shares of tourism destinations through a series of potential transmission mechanisms based on the main economic competitiveness determinants identified in the literature. The proposed model explains the non-neutrality of economic shocks in tourism competitiveness. The model is tested on Spain's tourism industry, which is among the leaders of the global tourism sector, for the period 1970–2013 using non-linear econometric techniques. The empirical analysis confirms that the proposed model is appropriate for explaining the changes in the market positions caused by the economic crises.
Sponsor: Financial support from project ECO2011–29751 is acknowledged.
URI: http://hdl.handle.net/10045/55948
ISSN: 1354-8166 (Print) | 2044-0375 (Online)
DOI: 10.5367/te.2014.0428
Language: eng
Type: info:eu-repo/semantics/article
Rights: © IP Publishing Ltd.
Peer Review: si
Publisher version: http://dx.doi.org/10.5367/te.2014.0428
Appears in Collections:INV - INNATUR - Artículos de Revistas
INV - Internacionalización de la Empresa y Comercio Exterior - Artículos de Revistas
INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas
INV - Recursos Hídricos y Desarrollo Sostenible - Artículos de Revistas

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