Recession and Policy Transmission to Latin American Tourism : Does Expanded Travel to Cuba Offset Crisis Spillovers? »
Series: IMF Working Papers
Author(s): Andy Wolfe , and Rafael Romeu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2011
Keywords: US, unemployment, tourist, tourist arrivals, tourism expenditure, travel costs,
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consu...