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Modelling Monthly Spanish Tourism: A Seasonal Fractionally Integrated Approach

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  • J. Cunado
  • L.A. Gil-Alana
  • F. Pérez de Gracia

Abstract

The authors examine the monthly structure of Spanish tourism using fractionally integrated techniques. They propose the use of a procedure attributable to Robinson (1994) that permits the simultaneous testing of degrees of integration at both zero and seasonal frequencies. The tests have standard null and local limit distributions. However, finite-sample critical values are computed and the power properties of the tests in finite samples are also examined. The results, based on the numbers of foreigners and foreign guest nights in Spain, show that both frequencies are important, the order of integration at the long-run or zero frequency being much higher than that corresponding to the seasonal monthly structure.

Suggested Citation

  • J. Cunado & L.A. Gil-Alana & F. Pérez de Gracia, 2004. "Modelling Monthly Spanish Tourism: A Seasonal Fractionally Integrated Approach," Tourism Economics, , vol. 10(1), pages 79-94, March.
    • Handle: RePEc:sae:toueco:v:10:y:2004:i:1:p:79-94
    DOI: 10.5367/000000004773166538
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    References listed on IDEAS

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    Cited by:

    1. J. Cunado & L.A. Gil-Alana & F. P Erez de Gracia, 2008. "Fractional Integration and Structural Breaks: Evidence from International Monthly Arrivals in the USA," Tourism Economics, , vol. 14(1), pages 13-23, March.
    2. Lean, Hooi Hooi & Smyth, Russell, 2009. "Long memory in US disaggregated petroleum consumption: Evidence from univariate and multivariate LM tests for fractional integration," Energy Policy, Elsevier, vol. 37(8), pages 3205-3211, August.
    3. Juncal Cuñado & Alberiko Gil-Alana, Luis & Perez De Gracia, Fernando, 2011. "Modelling International Monthly Tourist in Spain/Modelización de llegadas mensuales de turistas a España," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 723-736, Diciembre.
    4. Luis A Gil-Alana & James E Payne, 2022. "Persistence, seasonality, and fractional integration within a nonlinear framework: Evidence from US citizens’ overseas travel," Tourism Economics, , vol. 28(3), pages 654-660, May.
    5. James E Payne & Junsoo Lee, 2024. "Global perspective on the permanent or transitory nature of shocks to tourist arrivals: Evidence from new unit root tests with structural breaks and factors," Tourism Economics, , vol. 30(1), pages 67-103, February.
    6. José Álvarez-García & María De la Cruz Del Río-Rama & María Del Mar Miras-Rodríguez, 2017. "How Do Quality Practices Affect the Results?: The Experience of Thalassotherapy Centres in Spain," Sustainability, MDPI, vol. 9(4), pages 1-19, April.

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