Showing 1 - 10 of 1,400
We estimate a variety of exchange rate elasticities of international tourism. We show that, in addition to the … bilateral exchange rate between the tourism origin and destination countries, the exchange rate vis-a-vis the US dollar is also … an important driver of tourism flows and pricing. The effect of US dollar pricing is stronger for tourism destination …
Persistent link: https://www.econbiz.de/10013170287
Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i)...
Persistent link: https://www.econbiz.de/10011715547
Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The...
Persistent link: https://www.econbiz.de/10014401978
Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more appropriate since they include unmatched new and old models. There are two main competing...
Persistent link: https://www.econbiz.de/10014400890
threat to vulnerable countries that are highly dependent on a weather-sensitive sector like tourism. Using a novel … multidimensional index, this study investigates the long-term impact of climate change vulnerability on international tourism in a … statistically and economically significant negative effect on international tourism revenues across the region. As extreme weather …
Persistent link: https://www.econbiz.de/10012392570
The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment....
Persistent link: https://www.econbiz.de/10012301961
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …
Persistent link: https://www.econbiz.de/10009659894
This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative …
Persistent link: https://www.econbiz.de/10011434735
The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies … in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery … of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism …
Persistent link: https://www.econbiz.de/10012796804
In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid … growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism … source markets from 1996Q1 to 2018Q4, we find that not only tourist income and tourism-related relative prices, also visa …
Persistent link: https://www.econbiz.de/10012301934