Determinants of International Tourism is popular PDF and ePub book, written by Mr.Alexander Culiuc in 2014-05-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Determinants of International Tourism can be Read Online from any device for your convenience.
Determinants of International Tourism Book PDF Summary
The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies the gravity model to a large 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 to GDP of the origin (importing) country is lower than for goods trade. Tourism flows respond strongly to changes in the destination country’s real exchange rate, along both extensive (tourist arrivals) and intensive (duration of stay) margins. OECD countries generally exhibit higher elasticties with respect to economic variables (GDPs of the two economies, real exchange rate, bilateral trade) due to the larger share of business travel. Tourism to small islands is less sensitive to changes in the country’s real exchange rate, but more susceptible to the introduction/removal of direct flights.
Detail Book of Determinants of International Tourism PDF
- Author : Mr.Alexander Culiuc
- Release : 12 May 2014
- Publisher : International Monetary Fund
- ISBN : 9781484383032
- Genre : Business & Economics
- Total Page : 46 pages
- Language : English
- PDF File Size : 10,9 Mb
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