Estimation of the british tourism demand in the Comunidad Valenciana

Abstract

This paper analyzes the tourist demand from United Kingdom to the Comunidad Valenciana between 2000 and 2015. This country of origin has been chosen because it has been the most visited to Spain in the last years. The aim of this study is to estimate the British tourist demand in the Comunidad Valenciana, taking into account the effect of the economic factors that are considered more important. Especially, the study will focus on the effect of the variable that measures the income of the British, in this case the variable to measure it, will be NDP per capita of the British population. For this purpose an econometric model will be constructed, where income, relative prices and exchange rate will be included as explanatory variables and a proxy variable will be searched to measure the British tourist demand.