The impact of COVID-19 on the Spanish tourism sector

被引：31

作者：

Gil-Alana, Luis Alberiko ^{[1
,2
,3
]}

Poza, Carlos ^{[4
,5
]}

机构：

[1] Univ Navarra, Econometr, Pamplona, Spain

[2] Univ Navarra, Navarra Ctr Int Dev, Pamplona, Spain

[3] Univ Francisco de Vitoria, Madrid, Spain

[4] Univ Francisco de Vitoria, Econ Anal, Madrid, Spain

[5] Univ Francisco de Vitoria, Degree Business Analyt, Madrid, Spain

来源：

TOURISM ECONOMICS | 2022年 / 28卷 / 03期

关键词：

COVID-19; long memory; persistence; Spain; tourism;

D O I：

10.1177/1354816620959914

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine in this note the impact of COVID-19 on the Spanish tourism sector by using a strong dependence model. Daily data from five equity markets are used and we find that the coronavirus crisis has increased the persistence in the data, moving in some of the series from a mean reverting process to a non-mean reverting one. Thus, shocks that were expected to be transitory have become permanent, implying the need of strong policy measures to come the series back to their long-term projections.

引用

页码：646 / 653

页数：8

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