International competitive advantages in tourism: An eclectic view

This study investigates the determinants of competitive advantages in tourism services for the EU-28 countries over the period 2000–2013. After having extended the Balassa methodology to measure competitive advantages, a dynamic panel data model is implemented to explain their drivers. The econometr...

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Bibliographic Details
Published in:Tourism management perspectives 2018-01, Vol.25, p.41-52
Main Authors: Algieri, Bernardina, Aquino, Antonio, Succurro, Marianna
Format: Article
Language:English
Subjects:
Balassa index
Competitive Advantages
Panel Data Models
Tourism
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Summary:This study investigates the determinants of competitive advantages in tourism services for the EU-28 countries over the period 2000–2013. After having extended the Balassa methodology to measure competitive advantages, a dynamic panel data model is implemented to explain their drivers. The econometric analysis indicates that specific factor-proportions variables, as well as variables related to the new trade theory, contribute significantly to the explanation of international competitive advantages in tourism. At the same time, factors related to the new trade theory help strengthening these advantages. Particularly interesting seems to be our finding about the negative statistical association between competitive advantages in tourism and the overall efficiency of the country, measured by per capita GDP. Some policy and managerial implications conclude the work. •Competitive advantages in tourism are gauged•A novel methodology is adopted•Factor proportions, scale economies, countrys efficiency explain competitive advantages.
ISSN:2211-9736
2211-9744
DOI:10.1016/j.tmp.2017.11.003