engleski

Detecting international tourism demand growth cycles

This paper investigates the existence of cycles within international tourism demand by spectral analysis of international tourist arrivals. A modern detrending method, i.e. the Hodrick–Prescott filter is used to extract the cycle series and a simple smoothing technique is used to mitigate irregularities. The results of spectral analysis finally confirm the existence of growth cycles within international tourism demand, and the paper is concluded with a brief discussion of findings.

growth cycle; international tourism demand; spectral analysis

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