This paper analyzes tourist inflows as a determinant of merchandise exports for the Pacific and finds that inbound tourism to Pacific developing member countries significantly increases merchandise exports from these economies.
Authors
Gupta, Pralok, Basu-Das, Sanchita, Sharma, Saarthak, Domingo, Ma. Veronica
- DOI
- http://dx.doi.org/10.22617/WPS240343-2
- Dimensions
- 8.5x11
- ISSN
- 2313-6537(print) 2313-6545(electronic)
- Published in
- Philippines
- SKU
- WPS240343-2
- pages
- 22
Table of Contents
- Abstract 4
- 1.0 Introduction 5
- 2.0 Trends and Stylized Facts about Tourism in the Pacific 6
- 3.0 Literature review: Tourism Services and Merchandise Trade 9
- 4.0 Tourism Sector Interlinkages with Merchandise Exports: Augmented Gravity Model 11
- 4.1 Conceptual Underpinnings 11
- 4.2 Augmented Gravity Model Equation for the Study and Data Sources 12
- 4.3 Empirical Estimation and Results 13
- 4.4 Discussion of Estimation Results 14
- 5.0 Conclusion and Policy Recommendations 17
- Appendix 1: Variables for Augmented Gravity Model and their Data Sources 19
- Appendix 2: Summary Statistics of Augmented Gravity Model and IV Regression Model 20
- References 21
