What Attracts Tourists to Paradise? [electronic resource] / Evridiki Tsounta.
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TextSeries: IMF Working Papers; Working Paper ; No. 08/277Publication details: Washington, D.C. : International Monetary Fund, 2008Description: 1 online resource (20 p.)ISBN: 145187135X :ISSN: 1018-5941Subject(s): Dynamic Least Squares | Tourism Demand | Tourism Sector | Tourism | Tourist | Tourists | Antigua and Barbuda | Saint Vincent and the GrenadinesAdditional physical formats: Print Version:: What Attracts Tourists to Paradise?Online resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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