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The Effect of EMU on Tourism

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  • Salvador Gil-Pareja
  • Rafael Llorca-Vivero
  • José Antonio Martínez-Serrano

Abstract

This paper estimates the effect of the euro on intra-EMU tourist flows by using a panel dataset of 20 OECD countries over the period 1995-2002. The results reveal that the euro has increased tourism, with an effect of around 6.5%. This is a noticeable impact given the early stage of the EMU analyzed. The robustness checks show that the evidence of a positive impact is quite widespread across EMU destination countries. Copyright � 2006 The Authors; Journal compilation � 2007 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Review of International Economics.

Volume (Year): 15 (2007)
Issue (Month): 2 (05)
Pages: 302-312

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Handle: RePEc:bla:reviec:v:15:y:2007:i:2:p:302-312

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576

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Cited by:
  1. Jaume Roselló Nadal & María Santana Gallego, 2012. "Climate change and global international tourism: An evaluation for different scenarios," DEA Working Papers 52, Universitat de les Illes Balears, Departament d'Economía Aplicada.
  2. Groizard, José Luis & Marques, Helena & Gallego Santana, Maria, 2014. "Islands in trade: Disentangling distance from border effects," Economics Discussion Papers 2014-27, Kiel Institute for the World Economy.
  3. María Santana-Gallego & Francisco J. Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez, 2007. "On the impact of exchange rate regimes on tourism," Working Papers 07-07, Asociación Española de Economía y Finanzas Internacionales.
  4. Helena Nemec Rudez & Stefan Bojnec, 2008. "Impacts of the Euro on the Slovenian Tourism Industry," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(4), pages 445-460.

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