Abstract

http://ssrn.com/abstract=2000977
 
 

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Air Passenger Flows: Evidence from Sicily and Sardinia


Massimiliano Castellani


University of Bologna - Department of Economics; University of Bologna - Rimini Center for Economic Analysis (RCEA)

Maurizio Mussoni


University of Bologna - Department of Economics; The Rimini Centre for Economic Analysis (RCEA)

Pierpaolo Pattitoni


University of Bologna - Department of Management; University of Bologna - Rimini Center for Economic Analysis (RCEA)

January 1, 2010

Almatourism - Journal of Tourism, Culture and Territorial Development, Vol. 1, No. 2, pp. 16-28, 2010

Abstract:     
Tourism plays an important role in the economies of many Mediterranean countries, since it is a crucial driver of economic growth, job creation, and income. For this reason many countries set up a wide variety of programs and policies to support the development of this economic sector. It is therefore very important, for scholars and policy makers, explaining and forecasting tourism demand. Using air passenger flows as proxy variables for tourist arrivals, we set up some VAR model specifications in order to investigate the monthly time series 2003-2008 of arrivals to the most important Italian islands, Sardinia and Sicily. Our results show a significant inter-temporal relationship among tourism flows. Furthermore, our findings reveal that both meteorological variables (atmospheric temperatures and raining days) and exchange rates (Dollar-to-Euro and Yen-to-Euro) can improve the explanatory and forecasting power of VAR models.

Number of Pages in PDF File: 13

Keywords: Airports, Air transportation, VAR model

JEL Classification: L93, R58, C32

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Date posted: February 9, 2012  

Suggested Citation

Castellani, Massimiliano and Mussoni, Maurizio and Pattitoni, Pierpaolo, Air Passenger Flows: Evidence from Sicily and Sardinia (January 1, 2010). Almatourism - Journal of Tourism, Culture and Territorial Development, Vol. 1, No. 2, pp. 16-28, 2010. Available at SSRN: http://ssrn.com/abstract=2000977

Contact Information

Massimiliano Castellani
University of Bologna - Department of Economics ( email )
Strada Maggiore 45
Bologna, 40125
Italy
University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )
Via Patara, 3
Rimini (RN), RN 47900
Italy
Maurizio Mussoni
University of Bologna - Department of Economics ( email )
Strada Maggiore 45
Bologna, BO 40125
Italy
HOME PAGE: http://www2.dse.unibo.it/dsa/profile.php?id=232
The Rimini Centre for Economic Analysis (RCEA) ( email )
Via Patara, 3
Rimini, RN 47921
Italy
HOME PAGE: http://www.rcfea.org
Pierpaolo Pattitoni (Contact Author)
University of Bologna - Department of Management ( email )
Via Capo di Lucca, 34
Bologna, 40126
Italy
University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )
Via Patara, 3
Rimini (RN), RN 47900
Italy
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References:  11

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