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Nontourism services in Barbados: 1970–97

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  • Trevor Campbell
  • Darrin Downes

Abstract

This paper initially refers to some of the classifications of services used by various authors, followed by the components that comprise nontourism services in Barbados and their linkages to the other sectors of the Barbados economy. Using regression analysis, variables that may influence nontourism services in the long and short run are then identified. In the long run, the variables that impact nontourism services are relative real incomes, tourist arrivals, merchandise imports, commercial bank credit, relative prices, and government policy. The short run is influenced by relative real incomes, tourist arrivals, and merchandise imports. Since tourist arrivals influence nontourism services in the long and short run, Barbados must still focus on tourism activity to maximize its foreign exchange potential from nontourism services. Copyright International Atlantic Economic Society 2001

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  • Trevor Campbell & Darrin Downes, 2001. "Nontourism services in Barbados: 1970–97," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 7(4), pages 459-470, November.
    • Handle: RePEc:kap:iaecre:v:7:y:2001:i:4:p:459-470:10.1007/bf02295774
    DOI: 10.1007/BF02295774
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    References listed on IDEAS

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    1. Gary P. Sampson & Richard H. Snape, 1985. "Identifying the Issues in Trade in Services," The World Economy, Wiley Blackwell, vol. 8(2), pages 171-182, June.
    2. Banerjee, Anindya, et al, 1986. "Exploring Equilibrium Relationships in Econometrics through Static Models: Some Monte Carlo Evidence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 253-277, August.
    3. Inder, Brett, 1993. "Estimating long-run relationships in economics : A comparison of different approaches," Journal of Econometrics, Elsevier, vol. 57(1-3), pages 53-68.
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