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

Journal article | Zeitschriftenartikel

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.

Object Details

• Extent: Seite(n): 2417-2434
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Applied Economics, 42(19)

Classification and Topics

• Subject: Wirtschaft ; Volkswirtschaftslehre ; Wirtschaftssektoren ; Spanien ; Wein ; Export

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gil-Alana, Luis Alberiko ; Fischer, Christian
• Event: Veröffentlichung
• (where): Vereinigte Staaten von Amerika
• (when): 2009

Further information

• DOI: https://doi.org/10.1080/00036840701858083
• URN: urn:nbn:de:0168-ssoar-242476
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:26 PM CEST