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Financial crisis and hotels’ labour productivity growth: evidence from Spanish islands

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  • José Manuel Cordero
  • Nickolaos G. Tzeremes

Abstract

The article examines hotels’ labour productivity growth over the period of financial crisis. We decompose hotels’ labour productivity into three components: technological change, technological catch-up (efficiency improvement/convergence) and capital deepening. Specifically, we apply our analysis over a sample of 820 Spanish hotels from Balearic and Canary Islands distinguishing three different stages during the crisis period. The results suggest that average terms hotels’ labour productivity was resistant to the financial crisis.

Suggested Citation

  • José Manuel Cordero & Nickolaos G. Tzeremes, 2018. "Financial crisis and hotels’ labour productivity growth: evidence from Spanish islands," Applied Economics Letters, Taylor & Francis Journals, vol. 25(19), pages 1376-1382, November.
    • Handle: RePEc:taf:apeclt:v:25:y:2018:i:19:p:1376-1382
    DOI: 10.1080/13504851.2017.1420884
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    Cited by:

    1. Federico Inchausti-Sintes & Ubay Pérez-Granja & José Juan Morales-Mohamed, 2021. "Analysing labour productivity and its economic consequences in the two Spanish tourist archipelagos," Tourism Economics, , vol. 27(5), pages 1039-1059, August.

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