Intra-industry trade in tourism services

• Author(s): Leitão, Nuno Carlos
• Date: 2011
• Persistent ID: http://hdl.handle.net/10400.15/468
• Origin: Repositório Científico do Instituto Politécnico de Santarém
• Subject(s): Tourism flows; Intra-industry trade; Grubel and Lloyd index; Brülhart index; Portugal
• Document Type: Article
• Language: English

Description

Usually the tourism flows are explained by demand,economic growth, and revealed comparative advantage (neoclassic trade theory). This manuscript examines the link between intra-industry trade and international tourism flows. We have examined the Portuguese intra-industry trade in this sector. The analysis apply the static (Grubel and Lloyd) and dynamic index (Brülhart). Our results show that the tourism services are important for a small economy such as Portugal. The intra-industry trade is very significant between Portugal and the following countries: Spain, USA, Italy, Greece, Turkey and Canada.