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Exploring the dynamics of the efficiency in the Italian hospitality sector: a regional case study

Brida, Juan Gabriel and Garrido, Nicolás and Deidda, Manuela and Pulina, Manuela (2012) Exploring the dynamics of the efficiency in the Italian hospitality sector: a regional case study. Expert systems with applications, Vol. 39 (10), p. 9064-9071. eISSN 1873-6793. Article.

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DOI: 10.1016/j.eswa.2012.02.045

Abstract

This paper introduces a methodology to describe and compare the economic relative performance of the hospitality sector of the Italian regions during the period 2000–2004. Dynamics of the hospitality sector of each region is represented by the evolution of its economic efficiency. The investigation involves the following steps: a static Data Envelopment Analysis (DEA) to estimate the pure economic efficiency; two different notions of distances between time series and hierarchical clustering techniques are used to classify the economies in the sample. By using a correlation-based distance, three main clusters are detected, while two clusters are identified when the average distance is used. The trend patterns, identified by employing the correlation distance, can be interpreted in terms of exogenous factors that influence the economic efficiency of the group of regions, causing shocks picked up by the high volatility as well as structural breaks. By employing the average distance, one infers information on the cluster that have had similar efficiency values over the period under analysis. This efficiency can be also interpreted in terms of a particular type of hospitality management as well as the firm structure. Following the analysis, some policy and management implications are presented.

Item Type:Article
ID Code:8768
Status:Published
Refereed:Yes
Uncontrolled Keywords:Data Envelopment Analysis, hierarchical clustering, economic efficiency, dynamics
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01-a Nuovi Dipartimenti dal 2012 > Scienze economiche e aziendali
Publisher:Elsevier Science
eISSN:1873-6793
Deposited On:06 Mar 2013 13:47

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