The estimation and decomposition of tourism productivity

Assaf, A. George and Tsionas, Mike (2018) The estimation and decomposition of tourism productivity. Tourism Management, 65. pp. 131-142. ISSN 0261-5177

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Abstract

This paper estimates a total factor productivity index that allows for a rich decomposition of productivity in the tourism industry. We account for two important characteristics: First, the heterogeneity between multiple tourism destinations, and second, the potential endogeneity in inputs. Importantly we develop our index at the macro level, focusing on cross-country comparisons. Using the Bayesian approach, we test the performance of the model across various priors. We rank tourism destinations based on their tourism productivity and discuss the main sources of productivity growth. We also provide long-run productivity measures and discuss the importance of distinguishing between short-run and long-run productivity measures for future performance improvement strategies.

Item Type: Journal Article
Journal or Publication Title: Tourism Management
Additional Information: This is the author’s version of a work that was accepted for publication in Tourism Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Tourism Management, 65, 2017 DOI: 10.1016/j.tourman.2017.09.004
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/3300/3313
Subjects:
Departments: Lancaster University Management School > Economics
ID Code: 88173
Deposited By: ep_importer_pure
Deposited On: 09 Oct 2017 12:12
Refereed?: Yes
Published?: Published
Last Modified: 21 Feb 2020 03:49
URI: https://eprints.lancs.ac.uk/id/eprint/88173

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