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Determinants of Tourism in French Overseas Departments and Collectivities

Author

Listed:
  • Florent Deisting

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

  • Serge Rey

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

This article focuses on the determinants of tourism in French overseas departments and collectivities. An initial estimate of a panel model of annual data for Guadeloupe, Martinique, Mayotte, Reunion Island, French Polynesia, and New Caledonia (NC), over the period 1990–2012, shows that a 1% appreciation of the euro against the dollar reduces the number of tourists by 0.47%. The results also confirm the negative impact of distance/transport costs and the chikungunya crisis. Conversely, stronger growth in France or the United States and a higher level of wealth in the collectives promote tourism. A more detailed panel analysis, with monthly data for NC over the period 1995–2014, reveals that a 1% appreciation of the euro reduces tourism flows by 0.12%, and higher inflation in NC also penalizes tourism. However, distance and the economic situation of the country of origin do not significantly influence tourism flows to NC.

Suggested Citation

  • Florent Deisting & Serge Rey, 2015. "Determinants of Tourism in French Overseas Departments and Collectivities," Working Papers hal-01880325, HAL.
    • Handle: RePEc:hal:wpaper:hal-01880325
    Note: View the original document on HAL open archive server: https://univ-pau.hal.science/hal-01880325
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    References listed on IDEAS

    as
    1. Blancard, Stéphane & Hoarau, Jean-François, 2013. "A new sustainable human development indicator for small island developing states: A reappraisal from data envelopment analysis," Economic Modelling, Elsevier, vol. 30(C), pages 623-635.
    2. Fabien Candau & Serge Rey, 2014. "International Trade in Outermost Europe: A Comparative Analysis of Mayotte Island and French Overseas Departments," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(1), pages 123-146, June.
    3. Fabien Candau & Michaël Goujon & Jean-François Hoarau & Serge Rey, 2014. "Real exchange rate and competitiveness of an EU's ultra-peripheral region: La Reunion Island," International Economics, CEPII research center, issue 137, pages 1-21.
    4. repec:cii:cepiei:2014-q1-137-1 is not listed on IDEAS
    5. Fabien Candau & Jean-François Hoarau & Serge Rey, 2012. "L’impact de la distance et de l’intégration sur le commerce d’une région ultrapériphérique d’Europe: l’île de La Réunion," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 24(5), pages 808-831, December.
    6. Michaël GOUJON & François HERMET, 2012. "L’Indice De Développement Humain : Une Évaluation Pour Mayotte," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 36, pages 229-244.
    7. Fabien Candau & Michaël Goujon & Jean-François Hoarau & Serge Rey, 2014. "Real exchange rate and competitiveness of an EU's ultra-peripheral region: La Reunion Island," International Economics, CEPII research center, issue 137, pages 1-21.
    8. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
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    Cited by:

    1. Lin, Yi-Chen & Deng, Wen-Shuenn, 2018. "Are per capita international tourist arrivals converging?," International Review of Economics & Finance, Elsevier, vol. 57(C), pages 274-290.
    2. Gil Montant, 2020. "The determinants of the hotel sector revenues: The case of French Polynesia," Tourism Economics, , vol. 26(5), pages 809-829, August.

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    More about this item

    Keywords

    Tourism; French overseas departments and collectivities; New Caledonia; Panel model; Euro/US dollar;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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