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 … servicing a destination, are also found to be significant determinants of tourism demand. …

. Estimates of the elasticity of substitution suggest that tourism demand is highly price sensitive, and that a variety of costs …/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at … home, and consumption of tourism services across monopolistically competitive destinations abroad is presented. The model …

This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes … from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent … on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is …

This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency … Caribbean tourist destinations as a result of both price and nonprice factors. The short-term measures implemented by the …

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 …

shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks …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 …

what this turn in the commodity price cycle may imply for output growth in Latin America and the Caribbean. The analysis … with demand-side stimulus and underscore the need for ambitious structural reforms to secure strong growth over the medium …

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 …

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s … 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 …