Determinants of tourism industry in selected European countries: a smooth partial least squares approach

Various events, such as the global economic crisis, have seriously hampered long-term stable tourism processes with a particular relevance to international visits. In this study, we use the smooth paths of partial least squares (PLS; more specifically its PLS-SVD algorithm) and principal component a...

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Veröffentlicht in:	Economic research - Ekonomska istraživanja 2016-01, Vol.29 (1), p.66-84
Hauptverfasser:	Malec, Lukáš, Abrhám, Josef
Format:	Artikel
Sprache:	eng
Schlagworte:	Conditions Consumer prices Domestic tourism Economic crisis Economic growth Economic models Economic theory European countries tourism partial least squares (PLS) Prices principal component analysis (PCA) Principal components analysis Regression analysis singular values path Tourism
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