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The determinants of international tourism demand for Brazil

Author

Listed:
  • Jean Max Tavares

    (Pontifícia Universidade Católica de Minas Gerais, Brazil; Avenida Joaquim José Diniz, Brazil)

  • Nuno Carlos Leitão

    (Évora University, Portugal)

Abstract

The aim of this article is to identify the main determinants of international tourism flows to Brazil during the period 2004–2013, using the gravity model. The study adopted an econometric strategy of panel data (pooled ordinary least squares estimators that were heteroscedasticity corrected—together with the generalized method of moments system estimator). The variables of a common border and geographical distance showed that proximity was essential to explain tourism demand for Brazil. The exchange rate was positively correlated with tourism demand. The results indicate that the “Aquarela Plan 2020,†developed by the Ministry of Tourism for promotion of the country abroad, is consistent with the main determinants of international tourism demands for Brazil.

Suggested Citation

  • Jean Max Tavares & Nuno Carlos Leitão, 2017. "The determinants of international tourism demand for Brazil," Tourism Economics, , vol. 23(4), pages 834-845, June.
    • Handle: RePEc:sae:toueco:v:23:y:2017:i:4:p:834-845
    DOI: 10.5367/te.2016.0540
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    References listed on IDEAS

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    Cited by:

    1. Burak Darici & Ahmet Aydin & Fatih Ayhan & Merve Altaylar, 2023. "Macroeconomic Determinants of Tourism Demand Toward Emerging Markets," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-2), pages 837-864, December.
    2. Anastasiou, Dimitris & Drakos, Konstantinos & Kapopoulos, Panayotis, 2022. "Predicting international tourist arrivals in Greece with a novel sector-specific business leading indicator," MPRA Paper 113860, University Library of Munich, Germany.
    3. Manu Sharma & Geetilaxmi Mohapatra & A. K. Giri, 2022. "Examining the macro-determinants of tourist arrivals in India," SN Business & Economics, Springer, vol. 2(8), pages 1-18, August.
    4. Jaume Rosselló Nadal & María Santana Gallego, 2022. "Gravity models for tourism demand modeling: Empirical review and outlook," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1358-1409, December.

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