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Tourism and Empirical Applications of International Trade Theory: A Multi-Country Analysis

Author

Listed:
  • Allan Webster

    (Professor of Finance, The Business School, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK)

  • John Fletcher

    (Professor of Tourism, International Centre for Tourism and Hospitality Research, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK)

  • Philip Hardwick

    (Professor of Economics, The Business School, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK)

  • Yeganeh Morakabati

    (Senior Research Associate, School of Services Management, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK)

Abstract

This paper examines the application of quantitative techniques to further our understanding of international trade theory with respect to tourism flows. The analyses are based on the construction of Balassa and Grubel–Lloyd Indices, as well as the construction of dynamic indices. The results of the analyses suggest that international trade theory has much to offer the study of international tourism flows. Many countries seem to specialize as both exporters and importers of tourism services. The analyses also explore the theoretical assertion that intra-industry trade is likely to be of importance in understanding international tourism flows.

Suggested Citation

  • Allan Webster & John Fletcher & Philip Hardwick & Yeganeh Morakabati, 2007. "Tourism and Empirical Applications of International Trade Theory: A Multi-Country Analysis," Tourism Economics, , vol. 13(4), pages 657-674, December.
    • Handle: RePEc:sae:toueco:v:13:y:2007:i:4:p:657-674
    DOI: 10.5367/000000007782696041
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    References listed on IDEAS

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    1. Jayant Menon & Peter Dixon, 1997. "Intra-industry versus inter-industry trade: Relevance for adjustment costs," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(1), pages 164-169, March.
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    3. Allan Webster & Philip Hardwick, 2005. "International trade in financial services," The Service Industries Journal, Taylor & Francis Journals, vol. 25(6), pages 721-746, September.
    4. Marius Brülhart, 1994. "Marginal Intra-Industry Trade: Measurement and Relevance," Economics Technical Papers 942, Trinity College Dublin, Department of Economics.
    5. M. Thea Sinclair, 1997. "Tourism and Economic Development: A Survey," Studies in Economics 9703, School of Economics, University of Kent.
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    Cited by:

    1. J. Hanna & L. L鶩 & S. Petit, 2015. "Intra-tourism trade, income distribution and tourism endowment: an econometric investigation," Applied Economics, Taylor & Francis Journals, vol. 47(21), pages 2184-2200, May.
    2. Chi, Pei-Yu & Lee, Kuei-Chun & Chang, Kuo-I, 2022. "Causal effect of tourist visa exemption schemes on international tourist arrivals," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 427-449.
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    4. Nizar, Muhammad Afdi, 2013. "Pengaruh Pariwisata Terhadap Perdagangan Internasional Di Indonesia [effect of tourism on international trade in Indonesia]," MPRA Paper 65631, University Library of Munich, Germany.
    5. Jean-Jacques Nowak & Sylvain Petit & Mondher Sahli, 2012. "Intra-Tourism Trade in Europe," Tourism Economics, , vol. 18(6), pages 1287-1311, December.

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