Tourism and trade in small island regions: the case of the Canary Islands

María Santana Gallego ^[1] ; Francisco J. Ledesma Rodríguez ^[1] ; Jorge V. Pérez Rodríguez ^[1]
1. [1] Universidad de La Laguna
  
  Universidad de La Laguna
  
  San Cristóbal de La Laguna, España
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 17, Nº. 1, 2011, págs. 107-125
Idioma: inglés
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Resumen
- The main objective of this paper is to study the relationship between international trade and tourism in small island regions (that is, territories that are dependent to a significant degree on the rest of the world). To that end, the authors explore the different forms this relationship can take and apply cointegration and the Granger causality test to the case of the Canary Islands. The results suggest a long-term bidirectional relationship between tourism and trade, while the short-run link lies mainly in the trade generated by tourist arrivals.