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New Insights into ECCU's Tourism Sector Competitiveness

New Insights into ECCU's Tourism Sector Competitiveness »

Source: New Insights into ECCU's Tourism Sector Competitiveness

Volume/Issue: 2019/154

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Li Zhao , Steve Brito , and Vivian Parlak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2019

ISBN: 9781498320818

Keywords: Financial crises, Real effective exchange rates, Economic growth, Unit labor cost, Current account deficits, price elasticity, income elasticity, Eastern Caribbean Currency Union (ECCU), gravity model, tourism arrivals and expenditure

Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for th...

New Insights into ECCU's Tourism Sector Competitiveness

New Insights into ECCU's Tourism Sector Competitiveness »

Volume/Issue: 2019/154

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Li Zhao , Steve Brito , and Vivian Parlak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2019

DOI: http://dx.doi.org/10.5089/9781498320818.001

ISBN: 9781498320818

Keywords: Financial crises, Real effective exchange rates, Economic growth, Unit labor cost, Current account deficits, price elasticity, income elasticity, Eastern Caribbean Currency Union (ECCU), gravity model, tourism arrivals and expenditure

Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for th...