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 …

), discusses their comparative advantage, and explores the potential for trade, and tourism in particular, to serve as a locomotive … presents PICs with an unprecedented opportunity to develop trade, particularly tourism, although traditional markets will …This paper examines the role of international trade for economic prosperity in Pacific island countries (PICs …