Intangible capital and business productivity in the hotel industry
Intangible capital is a key factor of productivity growth. This paper analyses how the internal intangible capital of the company and external intangible capital influence its productivity. This contribution focuses on the hotel industry since it is a key industry of the Spanish economy, such that any increase in its productivity has an impact on the entire economy. Both, the intangible capital of the company and that of the region in which the company is located are considered as determinants of productivity. Likewise, the importance of other agglomeration economies in the productivity of hotel companies is taken into account. A model estimates firm level determinants of productivity, cont…
Impacto económico del sector turístico en España
La actual crisis sanitaria, provocada por el denominado Covid-19, y la crisis económica devenida van a tener un elevado impacto en uno de los sectores más relevantes de la economía española: el sector del turismo. El objetivo de este trabajo es cuantificar el alcance que distintos escenarios, contemplados para el sector del turismo, pueden tener en la economía española. La metodología utilizada en este trabajo es un modelo, basado en las tablas Input-Ouput y propuesto por Leontief (1946), que permite medir la repercusión que variaciones en la demanda final de un sector tienen en la actividad económica de otros sectores y en el conjunto de la economía. Los resultados de los distintos escenar…
Seasonality in Tourism: Do Senior Programs Mitigate It?
Seasonality is a widely recognised and accredited phenomenon known to cause an imbalance in tourism activity throughout the year, prompting tourist destinations, both public and private, to consider how best to plan the use of their resources. One way of mitigating the economic imbalances that seasonality can cause is to find strategies for seasonal adjustment, such as travel programmes aimed at the elderly. This paper analyses the seasonality of tourism activity in some EU countries, and in particular in Spain. Different indicators are used to compare the results and carry out a sensitivity analysis. The study then focuses on tourism programmes for the elderly in Spain to see whether this …
Entrepreneurial capital and productive efficiency: the case of the Spanish regions
The aim of this paper is to analyse the interrelation between entrepreneurial capital and productive efficiency of the Spanish regions while verifying the importance that business dynamics and entrepreneurial activity have on regional economic growth. For this purpose, data are used from the seventeen Spanish regions during the period 2003−2016. A multi-equation model is estimated that enables the analysis, on the one hand, of the existence of a causal relationship between business dynamics and entrepreneurial activity and, on the other hand, of these variables on the total factor productivity. The results lead to the conclusion that the entrepreneurial activity and the net creation of comp…