Estimating the effects of regional political climate on Russian tourists to Spain |
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Authors: | Marcos Álvarez-Díaz María Soledad Otero-Giráldez |
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Institution: | 1. European Commission, Ispra, Italy;2. Department of Applied Economics, University of Vigo, Vigo, Spain |
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Abstract: | Regional political climate has become an increasingly significant force influencing travel behaviour in many tourist destinations. This paper attempts to address impacts of regional political stability on Russian inbound tourism into Spain within a demand model framework and using a cointegration approach. The results show that visa openness as well as political instability and civil unrest in substitute destinations attract more Russian tourists, boosting economic growth and reducing unemployment rates in Spain. On the contrary, international political confrontation results in disadvantage to Russian tourism demand to Spain. |
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Keywords: | visa political instability international tourism demand cointegration Spain |
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