Business divergence in the Total Productivity of Factors in the period of crisis and economic recovery in the Spanish tourism sector
DOI:
https://doi.org/10.25145/j.pasos.2021.19.002Keywords:
Spain, Total Factor Productivity, Internationalisation, Tourism, DispersionAbstract
The main aim of this research is to contrast the existence of a positive relationship between the total factor productivity (TFP) of companies in the Spanish tourism sector and their use of Information and Communication Technologies (ICT). in the understanding that the trend is for companies to opt for ICT investment and development to improve their TFP and their interaction with the international market (export and import) also leads to an improvement in TFP in the context of the "New" new trade theory.
Likewise, the current debate on the dispersion of TFP has affected all economic sectors. In this case, the hypothesis revolves around the existence of a divergence of this variable between a period of crisis (2007-2011) and a period of economic recovery (2012-2017). The data from the Iberian Balance Sheet Analysis System (SABI) were extracted fto the ends of the correct development of this research which has allowed the TFP to be estimated using MCO, EF and LP, as well as the correct verification of the hypotheses using the SEM method. Three conclusions are reached: i) that the Spanish tourism sector seems to have a low level of ICT adoption in its business structure; ii) that TFP dispersion is demonstrated with respect to the two subperiods analysed (crisis and economic recovery), and that iii) internationalisation has a significant result on TFP.
Downloads
References
Aigner, D., Lovell, C.A.L. y Schmidt, P. 1977. “Formulation and estimation of stochastic frontier production function models”, Journal of econometrics, 6(1): 21-37.
Alberca, M.P., y Parte, L.P 2010. “Nuevas tecnologías y productividad en las empresas hoteleras: evidencia empírica (2000-2005)”, TuryDes, Revista de investigación en turismo y desarrollo local, 3(7), 1-20.
Alberca, M.P., Parte, L.P. y Such, M.J.S. 2011. “Evaluación del rendimiento de las empresas hoteleras con medidas de eficiencia y productividad: análisis frontera no paramétrico”, Papeles de economía española, 128: 266-280.
Alberca, P. y Parte, L. 2013. “Evaluación de la eficiencia y la productividad en el sector hotelero español: Un análisis regional”, Investigaciones Europeas de Dirección y Economía de la Empresa, 19: 102-111.Andrews, D., Criscuolo, C. y Gal, P.N. 2015. “Frontier firms, technology diffusion and public policy: Micro evidence from OECD Countries”, OECD productivity Working Papers, Nº2.
Andrews, D., Criscuolo, C. y Gal, P.N.2016. “The Best versus the Rest: The Global Productivity Slowdown, Divergence across Firms and the Role of Public Policy”, OECD Productivity Working Papers No. 5, OECD Publishing, Paris, DOI: https://doi.org/http://dx.doi.org/10.1787/63629cc9-en.
Añon Higón, D., Mañez, J,A., Rochina-Barrachina, M.E., Sanchis, A. y Sanchis-Llopis, A. 2017. “The determinants of firms’s convergence to the European TFP frontier”, Working Papers in Applied Economics, WPAE-2017-07.
Autor, D.H. 2015. “Why are there still so many jobs? The history and future of workplace automation”, Journal Economic Perspective, 29(3): 3-30.
Aw, B.Y., Chung, S. y Roberts, M.J. 2000. “Productivity and turnover in the export market: micro-level evidence from the Republic of Korea and Taiwan (China)”, The World Bank Economic Review, 14(1): 65-90.
Bartelsman, E., Haltiwanger, J., y Scarpetta S 2013. “Cross Country Differences in Productivity: The Role of Allocation and Selection”, American Economic Review, 103(1): 305-334.
Benavides Chicón, C. 2012. Calidad y productividad en el sector hotelero andaluz. Universidad de Málaga.
Berlingieri, G., Blanchenay, P. y Criscuolo, C. 2017. ”The Great Divergence(s)”, CEP Discussion Paper, Nº 1488.
Bernard, A. B., y Jones, C.I. 1996. “Comparing apples to oranges: productivity convergence and measurement across industries and countries”, The American Economic Review, 1216-1238.
Bernard, A.B., Redding, S.J. y Schott, P.K. 2010. “Multiple-product firms and product switching”, American Economic Review, 100(1): 70-97.
Bloom, N., Draca, M., y Van Reenen, J. 2015. « Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity”, The Review Of Economic Studies, 83(1): 87-117. doi: 10.1093/restud/rdv039
Brynjolfsson, E., y Yang, S. 1996. Information technology and productivity: a review of the literature. En Advances in computers (Vol. 43, pp. 179-214). Elsevier.
Brynjolfsson, E., y Hitt, L. 1996. “Paradox lost? Firm-level evidence on the returns to information systems spending”, Management Science, 42: 541–558.
Brynjolfsson, E., y Hitt, L. 2000. “Beyond Computation: Information Technology, organizational Transformation and Business Performance”, Journal of Economic Perspectives, 14: 23-48.
Brynjolfsson, E., y Hitt, L.2003. “Computing Productivity: Firm-Level Evidence”, Review of Economics and Statistics, 85: 793-808.Buhalis, D., y Law, R.2008. “Progress in information technology and tourism management: 20 years on and 10 years after the internet – the state of the e-tourism research”, Tourism Management, 29(4): 609-623.
Cànoves, G., Forga, J. M. P., y Romero, A. B. 2016. “Turismo en España, más allá del sol y la playa. Evolución reciente y cambios en los destinos de litoral hacia un turismo cultural”, Boletín de la Asociación de Geógrafos Españoles, (71): 431-454.
Cassiman, B., Golovko, E., y Martínez-Ros, E.2010. “Innovation, exports and productivity”, International Journal of Industrial Organization, 28(4): 372-376.
Castells, M.2004. The Information Society. Cheltenham/Northampton (Massachusetts): Edward Elgar.
Cerezo Medina, A., y Guevara Plaza, A. 2015. “El papel estratégico de las tecnologías de la información y las comunicaciones en el turismo”, International Journal Of Information Systems And Software Engineering For Big Companies (IJISEBC), 2: 52-69.
Ciccone, A. y Papaioanou, E.2005. “Human capital, the structure of production, and growth”, Working Papers, Universidad Pompeu Fabra, nº 902.
Coll-Serrano, V., y Blasco-Blasco, O.M.2009. “Evolución de la eficiencia técnica de la industria textil española en el periodo 1995-2005. Análisis mediante un modelo frontera estocástica”, Estudios de Economía Aplicada, 27(3): 1-32.
Costa, M. T.2015. La empresa española. En García Delgado, J. L. y Myro, R. (dirs.), Lecciones de Economía Española, Aranzadi, Navarra, pp. 77-89
Cristelli, M., Tacchella, A., y Pietronero, L.2015. “The heterogeneous dynamics of economic complexity”, PloS one, 10(2): 1-15.
Dedrick, J., Gurbaxani, V., y Kraemer, K.2003. “Information technology and economic performance: a critical review of the empirical evidence”, ACM Computing Surveys, 35: 1–28.
De Loecker, J.2007. “Do exports generate higher productivity? Evidence from Slovenia”, Journal of International Economics, 73(1): 69-98.
De Loecker, J. 2013. “Detecting learning by exporting”, American Economic Journal: Microeconomics, 5(3): 1-21
Delgado-Verde, M., Martín-de-Castro, G., Navas-López, J. E., y Cruz-González, J. 2011. “Capital social, capital relacional e innovación tecnológica. Una aplicación al sector manufacturero español de alta y media-alta tecnología”, Cuadernos de Economía y Dirección de la Empresa, 14(4): 207-221.Díaz-Chao, Á., y Torrent-Sellens, J.2010. “¿Pueden el uso de las TIC y los activos intangibles mejorar la competitividad? Un análisis empírico para la empresa catalana”, Estudios de Economía Aplicada, 28(2): 1-24.
Díaz-Chao, A., Sainz-González, J., y Torrent-Sellens, J.2015. “ICT, innovation, and firm productivity: New evidence from small local firms”, Journal of Business Research, 68(7): 1439-1444.
Dreschsler, W., y Natter, M.2012. “Understanding a firm's openness decisions in innovation”, Journal of Business Research, 65(3): 438–44
Drucker, P.2012. Management challenges for the 21st century. Routledge.
Esteban Talaya, Á., Millán Campos, Á. y Molina Collado, A.2000. “La comercialización de productos turísticos en Internet: implicaciones para las agencias de viaje”, Cuadernos de Ciencias Económicas y Empresariales, 3: 15‑36.
Fernández de Guevara, J.2011. La productividad sectorial en España: una perspectiva micro. Fundacion BBVA.Foster, L., Haltiwagner, J., y Krizan, C.J.1998. “Aggregate Productivity growth: Lessons from microeconomic evidence”, NBER Working paper series. Nº 6803
Fu, Ch., y Moral-Benito, E.2018. “The evolution of Spanish Total Factor Productivity since the global financial crisis”, Documentos Ocasionales Nº 1808.
García-Santana, M., Moral-Benito, E., Pijoan-Mas, J., y Ramos, R.2016. “Growing like Spain 1995-2007”, Banco de España Working Paper 1609.
Giuri, P., Torrisi, S., y Zinovyeva, N.2008. “ICT, skills, and organizational change: evidence from Italian manufacturing firms”, Industrial and Corporate change, 17: 29-64
Gómez, A.M.2011. “Productividad multifactorial del sector manufacturero del: Cauca 1993-2006”, Sociedad y Economía, 20: 243-266.
Gómez, V.B.2015. “Turismo y desarrollo económico en España: del insuficiente reconocimiento a la revalorización de su función estratégica”, Papers de turisme, 14-15: 117-129.
Graetz, G., y Michaels, G.2017. “Is modern technology responsible for jobless recoveries?”, American Economic Review, 107(5): 168-173.
Guerrero, E. I. G., y Rubio, J. L. 2004. “Productividad y tamaño empresarial en la hostelería andaluza: una aproximación*”, Cuadernos de CC.EE y EE, 46: 77-94.
Gust, C., y Marquez, J.2004. “International comparisons of productivity growth: the role of information technology and regulatory practices”, Labour economics, 11(1): 33-58.Haidar, J. I. 2012. “Trade and productivity: Self-selection or learning-by-exporting in India”, Economic Modelling, 29(5): 1766-1773.
Helpman, E., Melitz, M.J. y Yeaple, S.R. 2004. "Export versus FDI with heterogenous Firms", American Economic Review, 94(1): 300-316.
Hjalager, A. M.2010. “A review of innovation research in tourism”, Tourism management, 31(1): 1-12.
Iacovone, L., y Crespi, G.2010. “Catching Up with the Technological Frontier: Micro-level Evidence on Growth and Convergence”, Industrial and Corporate Change, 19(6): 2073-2096.
Iglesias, P.P., Jambrino, C., y De las Heras, C.2017. “La innovación en la Pyme: Barreras y facilitadores”, Revista de Estudios Regionales, 110: 99-131.
Ito, K., y Lechevalier, S. 2009. “The Evolution of the Productivity Dispersion of Firms: A Reevaluation of its Determinants in the Case of Japan”, Review of World Economics, 145(3): 405–429.
Ivars, J.A., Solsona, F.J., y Giner, D.2015. “Gestión turística y tecnologías de la información y la comunicación (TIC): El nuevo enfoque de los destinos inteligentes”, Documents d’Anàlisi Geogràfica, 62(2): 327-346.
Johnson, P.2018. New firms: An economic perspective. Routledge.
Jorgenson, D. W., y Vu, K.M. 2016. “The ICT revolution, world economic growth, and policy issues”, Telecommunications Policy, 40(5): 383-397.
Kumar, R. R., y Singh, M. 2014. “Role of health expenditure and ICT in a small island economy: a study of Fiji”, Quality & Quantity, 48(4): 2295-2311.
Law, R., Buhalis, D., y Cobanoglu, C. 2014. “Progress on information and communication technologies in hospitality and tourism”, International Journal of Contemporary Hospitality Management, 26(5): 727-750.
Levinsohn, J., y Petrin, A. 2000. “When Industries become more productive, Do firms? Investigating productivity dynamics”, NBER Working Paper, 6893: 1-49.
Li, X., y Prescott, D. 2009. Measuring productivity in the service sector. Guelph, Ontario, Canada: Canadian Tourism Human Research Council and University of Guelph.
Lombardi, R. 2019. “Knowledge transfer and organizational performance and business process: past, present and future researches”, Business Process Management Journal, Emerald, 25(1): 2-9.
Luintel, K.B., Khan, M., y Theodoridis, K. 2014. “On the robustness of R&D”, Journal Productivity Analysis, 42(2): 137-155.
Martin de Castro, Alama Salazar, G, Navas López, J.E., y López Sáez, P.2009. “El capital relacional como fuente de innovación tecnológica”, Innovar. Revista de Ciencias Administrativas y Sociales, 19(35): 119-132.
Medina, A. C., y Plaza, A. G. 2015. “El papel estratégico de las tecnologías de la información y las comunicaciones en el turismo”, International Journal of Information Systems and Software Engineering for Big Companies (IJISEBC), 2(2):
-69.
Melitz, M.J.2000. Estimating level productivity in differentiated product industries. Mimeo, Harvard University.
Mengistae, T., y Pattillo, C. 2004. “Export orientation and productivity in sub-Saharan Africa”. IMF Staff papers, 51(2): 327-353.
Miró Pérez, A.P. y Pereira Sánchez, Á.2017. “Effects of the Internet use in the technical efficiency of the tourism sector: a case study of the hinterland regions of Catalonia”, Pasos, Revista de Turismo y Patrimonio Cultural, 15(3):
-577.
Miró Pérez, A.P.2018. “Competitividad, Productividad y TIC. Un Análisis empírico para el sector químico catalán”, Revista Galega de Economía, 27(1): 49-64.
Mohnen, P., y Hall, B. H. 2013.”Innovation and productivity: An update”. Eurasian Business Review, 3(1): 47-65.
Mokyr, J.2014. “The next age of invention: Technology’s future is brighter than pessimists allow”, City Journal, 24(1): 12-21.
Navío-Marco, J., Ruiz-Gómez, L.M., y Sevilla-Sevilla, E. 2018. “Progress in information technology and tourism management: 30 years on and 20 years after the internet - Revisiting Buhalis & Law’s landmark study about eTourism”, Tourism Management, 69: 460–470. https://doi.org/10.1016/j.tourman.2018.06.002
O'Mahony, M., y Vecchi, E. 2003. “Is There an ICT Impact on TFP?: A Heterogeneous Dynamic Panel Approach”. No. 219. London: National Institute of Economic and Social Research, 2003.
Olley, G., y Pakes, A. 1996. “The Dynamics of Productivity in the Telecommunications Equipment Industry”, Econometrica, 64(6): 1263-1297. doi: 10.2307/2171831
Pérez, C. 2010. “Technological revolutions and techno-economic paradigms”, Cambridge journal of economics, 34(1): 185-202.
Renda, A., y Dougherty, S. 2016. “Pro-productivity institutions: Learning from national experience”, Background paper. OCDE.
Roth, F., y Thum, A.E. 2013. “Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998-2005”, Review of Income and Wealth, 59: 486–508.
Roura, J. R. C., y Morales, J.M.L. 2011. “El turismo: un sector clave en la economía española”, Papeles de economía Española, 128: 2-20.
Sánchez, R. M. 2017. “Una nueva política industrial para España”, Cuadernos de Información económica, 257: 35-47.
Schermelleh-Engel, K., Moosbrugger, H. y Müller, H. 2003. “Evaluating the fit of structural equation models: Tests of significance and descriptive Goodness-of-Fit measures”, Methods of Psychological Research online, 8(2): 23-74.
Syverson, C. 2011. “What determines productivity?”, Journal Economic Literature, 49(2): 326-365.
Torrent-Sellens, J. 2004. Innovació tecnològica, creixement econòmic i economia del coneixement (pág. 49). Barcelona: Generalitat de Catalunya, Consell de Treball, Econòmic i Social (CTESC).
Torrent-Sellens, J., y Ficapal-Cuí, P. 2010. “TIC, co-innovación y productividad empresarial: evidencia empírica para Cataluña y comparación internacional de resultados/ICT”, Revista de economía mundial, 26: 203-233.
Torrent-Sellens, J. 2016. “La economía del conocimiento y el conocimiento de la economía”, Oikonomics Revista de Economía, Empresa y Sociedad, 5: 26-32.
Trequanttrini, R., Shams, R., Lardo, A., y Lombardi, R. 2016. “Risk of an epidemic impact when adopting the Internet of Things: the role of sector-based resistance”, Business Process Management Journal, Emerald Group Publishing, 22(2): 403-419.
Tseng, C., y Goo, Y.J.2005. “Intellectual capital and corporate value in an emerging economy: empirical study of taiwanese manufacturers”, R&D Management, 25: 187-201.
UNCTAD 2008. Measuring the impact of ICT use in business. The case of manufacturing in Thailand. United Nations.
Van der Wiel H, Creusen H, Van Leeuwen G, y Van der Pijll E. 2012. The Dutch productivity performance: cross your border and look around. En: Mas M, Stehrer R (eds.) Industrial Productivity in Europe: Growth and Crisis. Edward Elgar Publishing, Cheltenham, UK, pp 403-428.
Vogel, A., y Wagner, J. 2010. “Higher productivity in importing German manufacturing firms: self-selection, learning from importing, or both?”, Review of World Economics, 145(4): 641-665.
Vilaseca, J. y Torrent-Sellens, J. 2005. Cap a l’empresa xarxa. Les TIC i les transformacions de l’empresa catalana. Barcelona: Edicions de la Universitat Oberta de Catalunya.
Vu, K. M. 2011. “ICT as a source of economic growth in the information age: Empirical evidence from the 1996–2005 period”, Telecommunications Policy, 35(4): 357-372.
Wagner, J. 2007. "Exports and Productivity: A Survey of the Evidence from Firm- Level Data", Working Paper Nº4, University of Lüneburg.
Wu, W., Chan, M, y Chen, C.2008. “Promoting innovation through the accumulation of intellectual capital, social capital, and entrepreneurial orientation”, R&D Management, 38: 265-277.
Zayas, J. M. 2015. “La innovación tecnológica en la economía española: la necesidad de un "gran impulso”, ICE, Revista de Economía, 883: 109-125.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Albert Miró
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
I confirm that the work is original (of my/our authorship), and that it will not be submitted to other journals or publications until the final resolution of the review process in PASOS, RTPC.
I authorize the publication of my work by PASOS, PSTN of free and open access in any of the formats that I deem appropriate, for an indefinite period of time and as a non-remunerated collaboration.
Likewise, the author(s) understands that the published work may be linked or deposited on any server or included in other publications (republication), provided that the new place and/or new edition references the original publication and acknowledges the authorship and copyright ownership of PASOS RTPC publications.
Authors understand that a plagiarism-self-plagiarism check will be performed, and the article may be removed at any time from the editorial flow.
