Tourism persistence in the Southeastern European countries: The impact of covid-19

被引:1
|
作者
Caporale, Guglielmo Maria [1 ]
Gil-Alana, Luis A. [3 ,4 ,5 ]
Imeri, Amir [2 ,6 ]
机构
[1] Brunel Univ London, Coll Business Arts & Social Sci, London, England
[2] Univ Business & Technol, Fac Management Business & Econ, Prishtine, Kosovo
[3] Univ Navarra, Fac Econ, DATAI, Pamplona, Spain
[4] Univ Navarra, NCID, Pamplona, Spain
[5] Univ Francisco Vitoria, Fac Law Business & Govt, Madrid, Spain
[6] Univ Business & Technol, Fac Management Business & Econ, Str Kalabria 10000, Prishtine, Kosovo
来源
COGENT ECONOMICS & FINANCE | 2023年 / 11卷 / 02期
关键词
SEE; COVID-19; fractional integration; persistence; shocks; tourism; C13; C22; L83; N74; Z32; UNIT-ROOT; POWER; TESTS;
D O I
10.1080/23322039.2023.2280349
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines tourism persistence in a group of Southeastern European (SEE) countries (Albania, Bosnia, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia and Slovenia) by applying fractional integration methods to monthly data on foreign tourist arrivals and overnight stays. The results indicate that the COVID-19 pandemic has increased the degree of persistence of these series as measured by the fractional differencing parameter; specifically, it has removed the mean reversion property in some countries. In addition, it has reduced the importance of the seasonal component.
引用
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页数:10
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