Date: 2013
Type: Working Paper
How important is tourism for the international transmission of cyclical fluctuations? : evidence from the Mediterranean
Working Paper, ECB Working Paper, 2013/1553
CANOVA, Fabio, DALLARI, Pietro, How important is tourism for the international transmission of cyclical fluctuations? : evidence from the Mediterranean, ECB Working Paper, 2013/1553 - https://hdl.handle.net/1814/29202
Retrieved from Cadmus, EUI Research Repository
We quantify the importance of the tourism channel for the international transmission of cyclical fluctuations to the Mediterranean basin. We use five destination countries and a number of source countries to provide broad evidence on the link. Source country output shocks produce important fluctuations in international tourism flows. Absent the tourism channel, the output effects in a typical destination country would be reduced by about one-fourth. Imported shocks account for an important portion of the fluctuations in destination countries variables. Policy prescriptions are discussed.
Cadmus permanent link: https://hdl.handle.net/1814/29202
External link: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1553.pdf
Series/Number: ECB Working Paper; 2013/1553
Files associated with this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |