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Modelling and forecasting the UK tourism growth cycle in Algarve

dc.contributor.authorAndraz, Jorge Miguel
dc.contributor.authorGouveia, Pedro
dc.contributor.authorRodrigues, Paulo M. M.
dc.date.accessioned2014-07-10T09:32:24Z
dc.date.available2014-07-10T09:32:24Z
dc.date.issued2009
dc.date.updated2014-06-04T14:08:10Z
dc.description.abstractOver the past three decades, Portugal has developed a strong economic dependence on tourism, which has several implications for the country's overall economic development. Tourism is an activity that is interrelated strongly with the economic system since Portugal as a whole and specific regions in particular rely on the performance of tourism for their economic activity. Moreover, because economic cycles affect tourism development, it is highly vulnerable to economic fluctuations. Most tourists who visit Portugal are from the European Union, especially Western Europe. Statistics are based on the number of overnight stays in hotel accommodation and other similar establishments. In 2005, the main source markets were the UK (30.7%), Germany (16.5%), Spain (11.5%), the Netherlands (6.8%), France (4.7%), Ireland (3.6%) and Italy (3.1%). These values show that the UK has the greatest share of visitors to Algarve. The purpose of this paper is to propose a modelling approach that best fits the tourism flow pattern in order to support forecasting. The paper contributes to our understanding of the relationship between economic cycles and tourism flows to Portugal (Algarve) and explores the potential of applying the diffusion index model proposed by Stock and Watson (1999, 2002) for tourism demand forecasting.por
dc.identifier.citationAndraz, Jorge Miguel Lopo Gonçalves; Gouveia, Pedro; Rodrigues, Paulo M. M.Modelling and Forecasting the UK Tourism Growth Cycle in Algarve, Tourism Economics, 15, 2, 323-338, 2009.por
dc.identifier.doihttp://dx.doi.org/10.5367/000000009788254386
dc.identifier.issn1354-8166
dc.identifier.otherAUT: PGO01379; JAN00657; PRO00147;
dc.identifier.urihttp://hdl.handle.net/10400.1/4750
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherIP Publishingpor
dc.subjectDiffusion index modelpor
dc.subjectPortugalpor
dc.subjectTourism forecastingpor
dc.titleModelling and forecasting the UK tourism growth cycle in Algarvepor
dc.typejournal article
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/3599-PPCDT/PTDC%2FECO%2F64595%2F2006/PT
oaire.citation.endPage338por
oaire.citation.issue2por
oaire.citation.startPage323por
oaire.citation.titleTourism Economicspor
oaire.citation.volume15por
oaire.fundingStream3599-PPCDT
person.familyNameAndraz
person.familyNameRodrigues
person.givenNameJorge
person.givenNamePaulo
person.identifier.ciencia-idEC1D-CDFD-EB51
person.identifier.orcid0000-0001-9209-3344
person.identifier.orcid0000-0003-1285-7493
person.identifier.ridB-5858-2009
person.identifier.scopus-author-id8566879600
person.identifier.scopus-author-id55914151600
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspor
rcaap.typearticlepor
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relation.isProjectOfPublicatione06fe02d-0559-437b-bbfe-c486395dbe33
relation.isProjectOfPublication.latestForDiscoverye06fe02d-0559-437b-bbfe-c486395dbe33

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