Premium
Do economic crises lead tourists to closer destinations? Italy at the time of the Great Recession
Author(s) -
Cafiso Gianluca,
Cellini Roberto,
Cuccia Tiziana
Publication year - 2018
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12242
Subject(s) - recession , destinations , tourism , economics , yield (engineering) , great recession , perspective (graphical) , lead (geology) , financial crisis , economic geography , economy , geography , macroeconomics , keynesian economics , materials science , archaeology , geomorphology , artificial intelligence , geology , computer science , metallurgy
This article studies how distance influences the choice of tourists about their holiday destination during times of economic crisis. In particular, we analyse the specific case of domestic tourism flows across Italian regions during the 2000–2012 period by estimating a gravity model. Our estimations yield the effect of distance year by year. The output suggests that distance gained weight during the years of the Great Recession and therefore confirms, from a macroeconomic perspective, that tourists tend to choose closer destinations in times of crisis.