UK tourism arrivals and departures: seasonality, persistence and time trends

C-Tier
Journal: Applied Economics
Year: 2020
Volume: 52
Issue: 46
Pages: 5077-5087

Authors (3)

Luis Alberiko Gil-Alana (Universidad de Navarra) José L. Ruiz-Alba (not in RePEc) Raquel Ayestarán (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Issues such as seasonality, persistence and trends are examined in the series referring to the number of UK arrivals and departures using techniques based on fractional integration. This methodology is much more flexible than others based on integer degrees of differentiation and permits us to describe in a more general way the effects of shocks in the series. Our results indicate that the series display significant time trends; they show high persistence with orders of integration in the fractional range, thus showing long-lasting effects of shocks; seasonality is an important issue, and in removing the seasonality through seasonal differentiation, the time trends disappear though persistence remains as a relevant feature of the data. Policy implications of the results obtained are displayed at the end of the article.

Technical Details

RePEc Handle
repec:taf:applec:v:52:y:2020:i:46:p:5077-5087
Journal Field
General
Author Count
3
Added to Database
2026-01-25