This paper estimates the effect of real exchange rates on competition for tourism earning. Elasticities of substitution are estimated, first intra-Caribbean, then among regional aggregates. A worldwide and a US market are both estimated. US tourists substitute relatively more interregionally,...

Surprisingly few estimates exist of disaggregated world demand functions for LDC exports, despite the obvious policy importance of the inherent price elasticities. Time-series, simultaneous equation estimates are herein presented of world demand for 23 categories of manufactured exports from...