Portuguese Tourism Demand: A Dynamic Panel Data Analysis

Yıl 2015, Cilt: 5 Sayı: 3, 673 - 677, 01.09.2015

Nuno Carlos Leitão

Öz

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

Anahtar Kelimeler

Tourism demand, dynamic panel data, panel unit root test, Portugal