The purpose of this study is to introduce tourism, externalities, and public goods to a small-open growth with … neoclassical growth theory with externalities, and ideas from tourism economics. The economy consists of three - service …

We estimate exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange … rate, the exchange rate between the tourism origin country vis-à-vis the U.S. dollar is an important driver of tourism … flows, indicating a strong role of U.S. dollar pricing. The U.S. dollar exchange rate is more important for tourism …