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José Perles, Ana Ramón and Antonio Rubia
''Economic crises and tourism competitiveness: A Markov swtiching regression approach.''
( 2015, Vol. 35 No.3 )
Authors discuss the effects that economic crises generate on the global market shares of tourism destinations, through a series of potential transmission mechanisms based on the main economic competitiveness determinants identified in the previous literature using a non-linear approach. Specifically a Markov Switching Regression approach is used to estimate the effect of two basic transmission mechanisms: reductions of internal and external tourism demands and falling investment.
Keywords: Economic crisis, Tourism destination competitiveness, Permanent shocks, Markov Switching Models
JEL: L8 - Industry Studies: Services: General
Manuscript Received : Mar 17 2015 Manuscript Accepted : Sep 07 2015

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