Endnote export
%T International travelling and trade: further evidence for the case of Spanish wine based on fractional VAR specifications %A Gil-Alana, Luis Alberiko %A Fischer, Christian %J Applied Economics %N 19 %P 2417-2434 %V 42 %D 2009 %K International trade; Multivariate models; Fractional VAR; Tourism %= 2011-04-04T13:57:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-242476 %X 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. %C USA %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info