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Tsounta, Evridiki.

What Attracts Tourists to Paradise? Evridiki Tsounta. [electronic resource] / Evridiki Tsounta. - Washington, D.C. : International Monetary Fund, 2008. - 1 online resource (20 p.) - IMF Working Papers; Working Paper ; No. 08/277 . - IMF Working Papers; Working Paper ; No. 08/277 .

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.

ISBN: 145187135X : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451871357.001 doi

Subjects--Topical Terms:
Dynamic Least Squares
Tourism Demand
Tourism Sector
Tourism
Tourist
Tourists

Subjects--Geographic Terms:
Antigua and Barbuda
Saint Vincent and the Grenadines