Vector Autoregressive Models for the Analysis of the Receptive Tourism Crisis
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Freire-Chaglla, Segundo [1] ; Sanmartín Rojas, Javier [2] ; Sanmartín-Rojas, Iliana [3] ; Serrano López, Ana Lucía [1]
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[1] Universidad de Cuenca
Universidad de Cuenca
Cuenca, Ecuador
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[2] Armed Forces University – ESPE, Ecuador
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[3] National University of Loja, Ecuador
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- Localización: Tourism analysis, ISSN 1083-5423, Vol. 28, Nº. 2, 2023, págs. 237-253
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
This research analyzed the behavior of receptive tourism in Ecuador and its relationship with the economy of the US. An index was developed to measure instability and crisis levels as well as the vector autoregressive (VAR) models, cointegration, as well as hypothesis tests through vectors. The findings indicate that Ecuador endured a crisis 12 out of 19 years; on the other hand, while the US entered a crisis, the figures of Ecuadorian tourism improved. Likewise, the GDP's inverse growth movement influenced the reduction in the number of tourists. Therefore, expenditure capacity decided the touristic destination, not so Ecuador's internal cost index. Finally, it was proven that the average expenditure of a foreign tourist was reduced across time.
