Similar Search Results

Recession and Policy Transmission to Latin American tourism; Does Expanded Travel to Cuba offset Crisis Spillovers?

Wolfe, Andrew M.; Romeu, Rafael - International Monetary Fund (IMF) - 2011

home, and consumption of tourism services across monopolistically competitive destinations abroad is presented. The model … tourist destinations. Estimates suggest median tourism arrivals decline by at least three to five percent in response to a one …. Estimates of the elasticity of substitution suggest that tourism demand is highly price sensitive, and that a variety of costs …

Persistent link: https://www.econbiz.de/10008839340

Vacation Over; Implications for the Caribbean of Opening U.S.-Cuba tourism

Romeu, Rafael - International Monetary Fund (IMF) - 2008

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study … on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the … results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring …

Persistent link: https://www.econbiz.de/10005605239

Economic Diversification in the GCC: Past, Present, and Future

Callen, Tim; Cherif, Reda; Hasanov, Fuad; Hegazy, Amgad; … - International Monetary Fund (IMF) - 2014

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and...

Persistent link: https://www.econbiz.de/10011245892

Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions

Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2014

A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market...

Persistent link: https://www.econbiz.de/10011242377

Options and Strategies for Fiscal Consolidation in India

Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2013

India: growth-friendly, social-friendly, and a benchmark case centered on bringing down unproductive spending and …

Persistent link: https://www.econbiz.de/10010790422

Rising BRICs and Changes in Sub-Saharan Africaâ€™s Business Cycle Patterns

Diallo, Oumar; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014

This paper assesses the extent to which Sub-Saharan Africa (SSA)â€™s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSAâ€™s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away...

Persistent link: https://www.econbiz.de/10011142171