The impact of COVID-19 on the Spanish tourism sector-Reference-Cited by-同舟云学术

The impact of COVID-19 on the Spanish tourism sector

Published:2020-09-24 Issue: Volume: Page:135481662095991
ISSN:1354-8166
Container-title:Tourism Economics
language:en
Short-container-title:Tourism Economics

Author:

Gil-Alana Luis Alberiko¹^ORCID,Poza Carlos²

Affiliation:

1. University of Navarra, Spain; Universidad Francisco de Vitoria, Spain

2. University Francisco de Vitoria, Spain

Abstract

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.

Funder

Ministerio de Economía, Industria y Competitividad, Gobierno de Espaía

Publisher

SAGE Publications

Subject

Tourism, Leisure and Hospitality Management,Geography, Planning and Development

Link

http://journals.sagepub.com/doi/pdf/10.1177/1354816620959914

Reference7 articles.

1. Long memory behavior in Singapore's tourism market

2. Persistence in the Short- and Long-Term Tourist Arrivals to Australia

3. An exponential model for the spectrum of a scalar time series