O'Brien (1996) examined the effect of intercept shifts in I(1) processes upon Johansen's cointegration tests. In the case where the statistical model used for testing fails to take into account one or more intercept shifts, it was shown that unrelated random walks will appear cointegrated with...

This paper introduces a methodology to describe and compare the economic relative performance of the hospitality sector of the Italian regions during the period 2000-2004. Dynamics of the hospitality sector of each region is represented by the evolution of its economic efficiency. The...

This paper analyses residents’ perception toward cruise tourism development and its externalities. The research involved a primary data collection in Messina, during the summer peak of the cruise season in 2011. A correspondence analysis on the local residents’ perceptions shows that...

This paper examines the length of stay of cultural tourists in a mountain destination, on the North-East of Italy. A microeconomic perspective of cultural tourism is provided, where the interest is to analyse the attitude of visitors regarding culture and their overall vacation. To this aim,...

This paper analyses the supply of rural tourism. The analysis is framed into three main sections - firstly, an overview examines the supply of rural tourism at a European level. Secondly, the main legislative actions engaged by the Italian region of Sardinia in regulating the supply of...

This paper analyses how a set of economic variables and a deterrence variable affect criminal activity. Furthermore, it highlights the extent to which crime is detrimental for the economic activity. The case study is Italy for the time span 1970 up to 2004. An Autoregressive Distributed Lags...

The causal relationship between tourist demand and supply is investigated employing four time series models - the first model includes nights of stay and number of supplied accommodation; the second model uses nights of stay and supplied beds (i.e. capacity); the third model employs nights of...

The paper analyses, estimates and forecasts the demand for international and domestic tourism to Sardinia (Italy). Monthly data are used for the sample period from 1987 to 2002. Concepts such as seasonal and long run unit roots are employed. Two econometric approaches, the OLS and ARIMAX, are...

This study analyses embarking cruisers’ experience in a homeport. Survey data were collected from passengers that embarked in Cartagena de Indias (Colombia) during the 2009-2010 season. A factor-cluster analysis is developed to segment cruisers identifying the factors that influence their...