Abstract
AbstractOnly recently is research merging demand and supply approaches in explaining tourist market equilibria. This paper innovates in three ways. One: we jointly consider demand and supply explanatory variables and spillover effects originating from contiguous areas by designing a unilateral gravity model augmented with spatial effects (spatial Durbin model). Two: we raise the economic profile by prioritizing an expenditure variable over flow variables (arrivals, overnight stays, length of stay) and taking into account travel costs (via the origin–destination distance). Three: we differentiate spatial contexts by focusing on international tourist origins and on local (NUTS3) destinations. Results confirm previous literature only in part.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.