Air Passenger Flows: Evidence from Sicily and Sardinia

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

13 Pages Posted: 9 Feb 2012  

Massimiliano Castellani

University of Bologna - Department of Economics

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)

Date Written: January 1, 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.

Keywords: Airports, Air transportation, VAR model

JEL Classification: L93, R58, C32

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: https://ssrn.com/abstract=2000977

Massimiliano Castellani

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125
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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