UK overseas visitors: Seasonality and persistence

This article analyses seasonality and persistence in the number of UK overseas visitors applying a fractional integration framework to (monthly and quarterly) data from 1986 to 2017. The results indicate that long memory is present in the series and the degree of persistence is higher for seasonally...

ver descrição completa

Detalhes bibliográficos
Autores: Caporale, G.M. (Guglielmo M.)|||/items/9eec80b9-3717-46f0-a5da-1d38cae16ad1, Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c
Tipo de documento: artigo
Data de publicação:2019
País:España
Recursos:Universidad de Navarra
Repositório:Dadun. Depósito Académico Digital de la Universidad de Navarra
Idioma:inglês
OAI Identifier:oai:dadun.unav.edu:10171/62905
Acesso em linha:https://hdl.handle.net/10171/62905
Access Level:Acceso aberto
Palavra-chave:Long memory
Persistence
Seasonality
UK overseas visitors
Descrição
Resumo:This article analyses seasonality and persistence in the number of UK overseas visitors applying a fractional integration framework to (monthly and quarterly) data from 1986 to 2017. The results indicate that long memory is present in the series and the degree of persistence is higher for seasonally adjusted data, with shocks having transitory but long-lasting effects.