is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global … countries where the carbon footprint of tourism constitute substantial share of carbon dioxide (CO2) emissions. This study … empirically investigates the impact of tourism on CO2 emissions in a relatively homogenous panel of 15 Caribbean countries over …

This paper improves short-term forecasting models of monthly tourism arrivals by estimating and evaluating a time …-series model with exogenous regressors (ARIMA-X) using a case of Aruba, a small open tourism-dependent economy. Given importance of …, the pandemic changed econometric relationships between the tourism arrivals and their main determinants, and accuracy of …

international tourism and develops an out-of-sample prediction model. Using bilateral tourism flows among 38,184 pairs of countries … international tourism flows. Including infectious diseases in the model improves forecast accuracy by an average of 4.5 percent and …