Theoretical and Applied Economics
No. 6 / 2011 (559)
Intra-Industry Trade in Tourism Services
Polytechnic Institute of Santarém and CEFAGE- UE, Portugal
Abstract. 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.
Contents
The Impact of Sovereign Credit Ratings on the Issuance of Government Bonds in Central and Eastern Europe
Optimal Licensing Contracts with Adverse Selection and Informational Rents
Morality, Ethics and True Image in Business Accounting
Intra-Industry Trade in Tourism Services
Operational Risk Modeling
Trends in Trade and Investment Flows between the EU and the BRIC Countries
The Evaluation of the Competitiveness State of Manufacturing Companies in Romania – an Approach According to Mereuţă Model
The Birth of the Regulated Company in the Macroeconomic Environment
FDI in the Service Sector – Propagator of Growth for India?
The Economic Theory and the Global Crisis, between Theoretical Solutions and the Economic Reality