tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …

The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest … dataset comprising the full universe of bilateral tourism flows spanning over a decade. The results show that the gravity … model explains tourism flows better than goods trade for equivalent specifications. The elasticity of tourism with respect …

The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows …. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a … static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …

growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission … channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports …

This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency …