Narrow Your Choices

Refine By Type

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

  • English (1)

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Industries; Land Use; Labor x
  • Agricultural and Natural Resource Economics?Environmental and Ecological Economics x
  • Cayman Islands x
  • Mathematical and Quantitative Methods x
  • Hospitality, leisure & tourism industries x
  • Industries: Hospital,Travel and Tourism x
  • Saving and investment x
  • Economic theory and methods x
  • Refine By Language: English x
Clear All
Cover IMF Working Papers
Flying to Paradise: The Role of Airlift in the Caribbean Tourism Industry
Mr. Sebastian Acevedo Mejia, Lu Han, Miss Marie S Kim, and Ms. Nicole Laframboise
This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlines, and departure cities on U.S. tourist arrivals. The possible endogeneity problem between airlift supply and tourist arrivals is addressed by using a structural panel VAR and individual country VARs. Among the four airlift supply measures, increasing the number of flights is found to be the most effective way to boost tourist arrivals on a sustained basis. As a case study, the possible crowding effect of increasing the number of U.S. flights to Cuba is investigated and, based on past observations, we find no significant impact on flights to other Caribbean countries. The impact of natural disasters on airlift supply and tourist arrivals is also quantified.
Keywords:
WP; tourist arrival; tourism industry; tourist; Caribbean; tourism; airlift supply factors; airlift supply factor; supply variable; market concentration; airlift supply data; airline industry; airlift availability; Structural vector autoregression; Natural disasters; Transportation; Unemployment rate