dc.contributor.author | CANOVA, Fabio | |
dc.contributor.author | DALLARI, Pietro | |
dc.date.accessioned | 2014-01-10T13:41:38Z | |
dc.date.available | 2014-01-10T13:41:38Z | |
dc.date.issued | 2013 | |
dc.identifier.uri | https://hdl.handle.net/1814/29202 | |
dc.description.abstract | 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. | en |
dc.language.iso | en | en |
dc.relation.ispartofseries | ECB Working Paper | en |
dc.relation.ispartofseries | 2013/1553 | en |
dc.relation.uri | http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1553.pdf | en |
dc.rights | info:eu-repo/semantics/openAccess | en |
dc.title | How important is tourism for the international transmission of cyclical fluctuations? : evidence from the Mediterranean | en |
dc.type | Working Paper | en |