Determinants of International Tourism

  title={Determinants of International Tourism},
  author={Alexander Culiuc},
  journal={Econometric Modeling: International Economics eJournal},
  • Alexander Culiuc
  • Published 2014
  • Business
  • Econometric Modeling: International Economics eJournal
  • The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies the gravity model to a large dataset comprising the full universe of bilateral tourism flows spanning over a decade. The results show that the gravity model explains tourism flows better than goods trade for equivalent specifications. The elasticity of tourism with respect to GDP of the… CONTINUE READING
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