Gravity model and tourism: an application to the interregional monetary flows of the Spanish Tourist sector

This work analyses the intra and interregional monetary flows generated by the Tourist sector within Spain, by means of different formulations of the gravity model and three alternative estimates of bilateral monetary flows. The models have also identified some important variables driving the interregional monetary flows of the tourist sector, showing different elasticities for the distance variable than the ones observed in other studies of international tourist flows or the Spanish interregional trade flows of goods. We also show the importance of the intrarregional trade and the special behaviour of the interregional flows between adjacent regions.