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Tourism flows to Caribbean islands: an empirical note

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  • Nkunde Mwase

Abstract

This article examines the determinants of tourism flows to 31 small-island Caribbean economies, from 12 source countries, using an empirical approach that accounts for the inherent heterogeneity of the tourism product and tourism consumers. The results show that tourism flows from the source markets to the Caribbean are income elastic, with the exception of flows from Spain and the USA, but are not very sensitive to price changes.

Suggested Citation

  • Nkunde Mwase, 2013. "Tourism flows to Caribbean islands: an empirical note," Applied Economics Letters, Taylor & Francis Journals, vol. 20(10), pages 957-965, July.
    • Handle: RePEc:taf:apeclt:v:20:y:2013:i:10:p:957-965
    DOI: 10.1080/13504851.2013.767970
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    References listed on IDEAS

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    1. Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(3), pages 597-625, June.
    2. Jie Zhang & Camilla Jensen, 2005. "Comparative Advantage in Tourism - A Supply-Side Analysis of Tourism Flows," ERSA conference papers ersa05p183, European Regional Science Association.
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    Cited by:

    1. Ms. Nicole Laframboise & Miss Nkunde Mwase & Mr. Joonkyu Park & Yingke Zhou, 2014. "Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals?," IMF Working Papers 2014/229, International Monetary Fund.
    2. Mr. Sebastian Acevedo Mejia & Lu Han & Miss Marie S Kim & Ms. Nicole Laframboise, 2016. "Flying to Paradise: The Role of Airlift in the Caribbean Tourism Industry," IMF Working Papers 2016/033, International Monetary Fund.
    3. International Monetary Fund, 2016. "Barbados: Selected Issues," IMF Staff Country Reports 2016/280, International Monetary Fund.

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