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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 20 pages 
651 4 |a Antigua and Barbuda 
653 |a Energy: Demand and Supply 
653 |a Income 
653 |a Investments, Foreign 
653 |a Oil prices 
653 |a Finance 
653 |a Currency; Foreign exchange 
653 |a Personal income 
653 |a Gambling 
653 |a Real effective exchange rates 
653 |a Long-term Capital Movements 
653 |a Hospitality, leisure & tourism industries 
653 |a Recreation 
653 |a Exports and Imports 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Foreign Exchange 
653 |a Prices 
653 |a Macroeconomics 
653 |a Industries: Hospital,Travel and Tourism 
653 |a Sports 
653 |a Restaurants 
653 |a Foreign exchange 
653 |a Tourism 
653 |a Foreign direct investment 
653 |a International Investment 
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520 |a 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