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Lag (ARDL)-bound test model. The empirical results indicate a significant evidence of cointegration. Indicatively, an …This study investigates the nexus between tourism development and house prices in the Republic of Cyprus over the … period spanning from 2005Q1 to 2016Q4. Tourism indicators vis-à-vis tourism arrivals along with other explanatory variables …
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This paper investigates the all important issue of diagnostic tests, including unit roots and cointegration, in the … tourism demand modelling literature. The origins of this study lie in the apparent lack in the tourism economics literature of … detail concerning the diagnostic test aspect. Study of this deficiency has suggested that previous literature on tourism …
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