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Title:
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Tourist Seasonality and the Role of Markets
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Author:
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Turrión Prats, Judith
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Duro Moreno, Juan Antonio |
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Abstract:
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This paper performs an analysis of tourism seasonality in Spain, typically from a
market-side perspective. Three exercises are performed; firstly, seasonality is
analysed through monthly concentration indexes and, in particular, the CV;
secondly, the role of markets is explored based on an additive decomposition
technique; thirdly, its main economic determinants are assessed through a
dynamic panel data model. The main results obtained can be summed up in:
first, seasonality in Spain has clearly worsened since 2008, coinciding with a
strong growth in overall demand; second, three markets generate two thirds of
global seasonality, with the pattern of the UK market of particular concern; third,
aggregate demand models suggest that prices, exchange rates and especially
income levels are significant explanatory factors.
Keywords: seasonality; markets; dynamic panel data models; Spanish tourism |
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Publication date:
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2016 |
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Subject (UDC):
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338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus |
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Subject(s):
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Turisme -- Espanya
Anàlisi de dades de panel |
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Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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Pages:
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31 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
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Collection:
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Documents de treball del Departament d'Economia;2016-32
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