Download or read book Caribbean Tourism Demand and Volatility written by Allan Silveria Wright and published by . This book was released on 2011 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Revisiting Tourism Flows to the Caribbean written by Ms.Nicole Laframboise and published by International Monetary Fund. This book was released on 2014-12-18 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price elasticity is statistically insignificant for “high-end” destinations; and (iv) the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for structural reforms to raise product quality, cost reduction or containment in “low-end” destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP from tourism.
Download or read book Caribbean Growth in an International Perspective written by Ms.Nita Thacker and published by International Monetary Fund. This book was released on 2012-09-27 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and regional integration could pay dividends in terms of higher growth in the region.
Download or read book What Attracts Tourists to Paradise written by Ms.Evridiki Tsounta and published by International Monetary Fund. This book was released on 2008-12-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book North American Demand Study For Caribbean Tourism V 2 North American Traveler Market Study written by Caribbean Tourism Research and Development Centre and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Small Island Tourism written by Riaz Shareef and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study forms an entirely new area of research on Small Island Tourism Economies (SITEs). It addresses the importance of uncertainty in monthly international tourist arrivals and country risk indicators to the macroeconomy. Conditional volatilities are estimated for international tourist arrivals, and an economic interpretation from the estimated results is provided. In achieving these two objectives, this work presents an extensive assessment of the important characteristics and the impact of tourism in SITEs in relation to their gross domestic product, balance of payments, employment and foreign direct investment, among other factors. This book is unique in giving emphasis to macroeconomic implications rather than an industry focus. The Economics of Small Island Tourism will appeal to academics at the undergraduate and postgraduate levels involved in environmental and tourism management as well as tourism economics.
Download or read book Flying to Paradise written by Mr.Sebastian Acevedo Mejia and published by International Monetary Fund. This book was released on 2016-02-23 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlines, and departure cities on U.S. tourist arrivals. The possible endogeneity problem between airlift supply and tourist arrivals is addressed by using a structural panel VAR and individual country VARs. Among the four airlift supply measures, increasing the number of flights is found to be the most effective way to boost tourist arrivals on a sustained basis. As a case study, the possible crowding effect of increasing the number of U.S. flights to Cuba is investigated and, based on past observations, we find no significant impact on flights to other Caribbean countries. The impact of natural disasters on airlift supply and tourist arrivals is also quantified.
Download or read book Travel and Tourism in the Caribbean written by Andrew Spencer and published by Springer. This book was released on 2018-10-04 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the distinct nuisances and obstacles that are brought on by the tourism and travel industry within Caribbean small island developing countries (SIDS). The author explores best practices and measures that can be used to overcome or alleviate the hardship faced by the industry by giving voice to the nations that are often overshadowed or restrained by their developed counterparts. This book reflects on and assesses the transformative power that tourism has in Caribbean small island developing states, while unearthing the threats that affect the longevity and economic viability of the industry in general. It is an important and overdue text focusing on this unique group of islands and will inform students and researchers on the struggles and opportunities they face.
Download or read book A Study of European Tourism Demand for the Caribbean Area written by Caribbean Tourism Research Centre and published by . This book was released on 1977 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econometric Modelling and Forecasting of Tourism Demand written by Doris Chenguang Wu and published by Taylor & Francis. This book was released on 2022-10-27 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful and timely volume provides a succinct, expert-led introduction to the latest developments in advanced econometric methodologies in the context of tourism demand modelling and forecasting. Written by a plethora of worldwide experts on this topic, this book offers a comprehensive approach to tourism econometrics. Accurate demand forecasts are crucial to decision-making in the tourism industry and this book provides real-life tourism applications and the corresponding R code alongside theoretical foundations, in order to enhance understanding and practice amongst its readers. The methodologies introduced include general to specific modelling, cointegration, vector autoregression, time-varying parameter modelling, spatiotemporal econometric models, mixed-frequency forecasting, hybrid forecasting models, forecasting combination techniques, density forecasting, judgemental forecasting, scenario forecasting under crisis, and web-based tourism forecasting. Embellished with insightful figures and tables throughout, this book is an invaluable resource for those using advanced econometric methodologies in their studies and research, including both undergraduate and postgraduate students, researchers, and practitioners.
Download or read book Quantitative Analysis of Social and Financial Market Development written by William A. Barnett and published by Emerald Group Publishing. This book was released on 2022-10-03 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research exploring the latest social and financial developments across Asia.
Download or read book North American Demand Study for Caribbean Tourism North American traveler market study written by and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Demand Volatility Lower Growth and Raise Inflation Evidence from the Caribbean written by Ms.Magda E. Kandil and published by International Monetary Fund. This book was released on 2014-04-29 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible for asymmetric real and inflationary effects and points to the dangers of procyclical macroeconomic policies that exacerbate the adverse effects of demand variability.
Download or read book Tourism in the Caribbean written by David Timothy Duval and published by Psychology Press. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a high calibre team of international researchers to provide an up-to-date assessment of the scope of tourism and the nature of tourism development in the Caribbean; past, present and future.
Download or read book New Perspectives in Caribbean Tourism written by Marcella Daye and published by Routledge. This book was released on 2008-04-07 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Caribbean is one of the most tourism dependent regions of the world. This edited volume extends beyond the frontiers of normative perspectives of tourism development to incorporate "new" ideas and perspectives that relate to the socio-cultural, political and economic realities of these societies. This edited text therefore explores tourism in t
Download or read book Revisiting the Potential Impact to the Rest of the Caribbean from Opening US Cuba Tourism written by Mr.Sebastian Acevedo Mejia and published by International Monetary Fund. This book was released on 2017-04-28 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region has shown that it is possible for all destinations to grow despite large changes in market shares. Our estimations show that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from new tourists to the region. We also identify the destinations most at risk of changes in US-Cuba relations.
Download or read book The Caribbean written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-09-14 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out the economic challenges facing the island nations of the Caribbean and presents policy options to ameliorate external shocks and embark firmly on a sustained growth path. While the countries of the Eastern Caribbean Currency Union that are the focus of the book have enjoyed a sustained period of price and exchange rate stability, they have been buffeted in recent years by adverse shocks, including the erosion of trade preferences, declines in official foreign assistance, and frequent natural disasters. Strengthening their growth performance will require design of a multifaceted strategy that integrates the Caribbean with the global economy, facilitates an economic transformation from agriculture to tourism, fosters greater regional cooperation, and preserves macroeconomic stability. This volume examines the critical issues that are part of that process, including fiscal and financial sector policy, management of external flows, trade integration and tourism, macroeconomic cycles and volatility, and the economic implications of natural disasters.
