Portuguese Tourism Demand: A Dynamic Panel Data Analysis

Authors

  • Nuno Carlos Leitão

Abstract

This article considers the determinants of Portuguese tourism demand for the period 2004-2013. The econometric methodology uses a panel unit root test and the dynamic panel data (GMM-system estimator). The different techniques of panel unit root (Levin, Lin and Chu & Im, Pesaran and Shin W-stat & ADF - Fisher Chi-square) show that the variables used in this panel are stationary. The dynamic model proves that tourism demand is a dynamic process. The variables relative prices, income per capita, human capital and government spending encourage international tourism demand for Portugal

Keywords: Tourism demand, dynamic panel data, panel unit root test, Portugal.

JEL Classifications: C33; F10; H62

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Published

2015-07-15

How to Cite

Leitão, N. C. (2015). Portuguese Tourism Demand: A Dynamic Panel Data Analysis. International Journal of Economics and Financial Issues, 5(3), 673–677. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1285

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Articles