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International travelling and trade: further evidence for the case of Spanish wine based on fractional VAR specifications

[Zeitschriftenartikel]

Gil-Alana, Luis Alberiko; Fischer, Christian

Zitationshinweis

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Abstract This paper deals with the relationship between international travelling and trade. For this purpose we focus on a particular case study: the connection between the Spanish wine exports to Germany and the German travellers to Spain. Unlike previous studies we use a methodology based on fractional vector autoregressive models, which permits us to compute the impulse responses in a similar way as in the standard VAR case. The results show that the orders of integration of the two series are constrained between 0 and 1, being higher for the arrivals series than for the exports. The impulse response analysis reveals that an increase in travelling produces a positive initial impact on trade though it tends to disappear in the long run.
Thesaurusschlagwörter wine; export; Spain
Klassifikation Volkswirtschaftslehre; Wirtschaftssektoren
Freie Schlagwörter International trade; Multivariate models; Fractional VAR; Tourism; Internationaler Tourismus; Deutsche
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 2417-2434
Zeitschriftentitel Applied Economics, 42 (2009) 19
DOI http://dx.doi.org/10.1080/00036840701858083
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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