The purpose oC this study is to measure the impact of the economic determinants of the intemational demand for tourist services in Spain. We use a panel data set of seventeen countries over the perlad 1985-1995. By usíng appropriate panel data techniques we estímate the effects of real per capita income, exchange rates, and real prices on the demand fOf Spanish tourist services. The estimated elasticities are +1.40, +0.50, and -0.30, respectively. The negative effect ofthe GulfWar i8 al80 detected, with a coefficient of -0.15. These results are comparable to previous empirical studies for other countries.
This paper analyses the main determinants of the demand for tourism in Galicia and quantifies their incidence. The author elaborates two models depending on the origin (domestic or foreign) of the tourists. For domestic demand, a panel of annual data on the 17 regions of origin of tourists during 1999-2006 is used. For international demand, another annual panel is used, comprising data on 24 countries of origin of tourists for the same period. The estimated elasticities suggest that both domestic and foreign tourism in Galicia are very sensitive to income in the origin markets and to prices. Other findings are the dependence of domestic tourism on its own past and the sensitivity of tourism to the celebration of the Holy Year. The results may be of use to professionals and policymakers in their decision-making processes.
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