Cellini, Roberto and Cuccia, Tiziana (2009): Museum and monument attendance and tourism flow: A time series analysis approach.
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This paper takes a time series analysis approach to evaluate the directions of causality between tourism flows, on the one side, and museum and monument attendance, on the other. We consider Italy as a case study, and analyze monthly data over the period January 1996 to December 2007. All considered series are seasonally integrated, and co-integration links emerge. We focus on the error correction mechanism among co-integrated time series to detect the directional link(s) of causality. Clear-cut results emerge: generally, the causality runs from tourist flows to museum and monument attendance. The non-stationary nature of time series, their co-integration relationships, and the direction of causal links suggest specific implication for tourism and cultural policies.
|Item Type:||MPRA Paper|
|Original Title:||Museum and monument attendance and tourism flow: A time series analysis approach.|
|Keywords:||Tourism; Museum; Seasonal unit root; Co-integration; Causality.|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models; Multiple Variables > C32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology > Z10 - General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
|Depositing User:||Roberto Cellini|
|Date Deposited:||30. Nov 2009 15:49|
|Last Modified:||17. Feb 2013 23:36|
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