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...

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Bibliographic Details
Authors: Caporale, G.M. (Guglielmo M.)|||/items/9eec80b9-3717-46f0-a5da-1d38cae16ad1, Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c
Format: article
Publication Date:2019
Country:España
Institution:Universidad de Navarra
Repository:Dadun. Depósito Académico Digital de la Universidad de Navarra
Language:English
OAI Identifier:oai:dadun.unav.edu:10171/62905
Online Access:https://hdl.handle.net/10171/62905
Access Level:Open access
Keyword:Long memory
Persistence
Seasonality
UK overseas visitors
Description
Summary: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.