Relación entre inversión publicitaria y demanda turística a través de la teoría de la cointegración
- Rodríguez Molina, Miguel Angel
- Frías Jamilena, Dolores María
- Polo Peña, Ana Isabel
- Rodríguez-López, María Eugenia
ISSN: 0121-5051
Year of publication: 2014
Volume: 24
Issue: 54
Pages: 167-182
Type: Article
More publications in: Innovar: revista de ciencias administrativas y sociales
Abstract
The study of advertising efficiency consists in an area of interest for the literature. The aim of this paper is to propose a model that relates investment in advertising with demand in the tourism sector. A methodological enables s to predict short-term tourism demand based on the explanatory variable "investment in advertising." The application undertaken demonstrates that both variables -tourism demand and investment in advertising- are cointegrated and it becomes evident that investment in advertising affects tourism demand. The results reached have interesting implications for the professional sector.