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What Attracts Tourists to Paradise?

This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism arrivals are significantly affected by economic developments in the source countries,...

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Bibliographic Details
Main Author: Tsounta, Evridiki
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Energy: Demand And Supply
Income
Investments, Foreign
Oil Prices
Finance
Currency; Foreign Exchange
Personal Income
Gambling
Real Effective Exchange Rates
Long-term Capital Movements
Hospitality, Leisure & Tourism Industries
Recreation
Exports And Imports
Personal Income, Wealth, And Their Distributions
Foreign Exchange
Prices
Macroeconomics
Industries: Hospital,travel And Tourism
Sports
Restaurants
Tourism
Foreign Direct Investment
International Investment
Antigua And Barbuda
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism arrivals are significantly affected by economic developments in the source countries, while price considerations and external shocks (such as hurricanes and wars) are also important. Supply factors, such as developments in foreign direct investment and the number of airlines servicing a destination, are also found to be significant determinants of tourism demand
Physical Description:20 pages
ISBN:9781451871357

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