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Culture Or Nature: A Space-Time Analysis On The Determinants Of Tourism Demand In European Regions

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Abstract

Despite the close relationship between tourism and territory, the application of spatial analysis methods in tourism is not abundant in the literature. Nevertheless, the recent developments in the analysis of space-time models, the existence of geo-referenced information and the availability of suitable software tools has created new opportunities for studying the role of space in tourism activities. A space-time panel data model is developed in this work in order to analyse the relations between tourism demand and the existence of infrastructures, cultural assets and natural resources in European regions, including the analysis of spatial effects. The results reveal the positive impacts of the explanatory variables on tourism demand and the clear existence of spatial correlations, suggesting that regional tourism demand benefits from the dynamics registered in neighborhood regions. Policy implications - including the need for a multi-regional approach for planning and promotion of tourism - are discussed.

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  • Romão, João, 2015. "Culture Or Nature: A Space-Time Analysis On The Determinants Of Tourism Demand In European Regions," Spatial and Organizational Dynamics Discussion Papers 2015-3, CIEO-Research Centre for Spatial and Organizational Dynamics, University of Algarve.
    • Handle: RePEc:ris:cieodp:2015_003
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    Keywords

    Space-time Model; Panel Data; Spatial Analysis; Tourism Demand;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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