Vacation Over: Implications for the Caribbean of Opening U.S.-Cuba tourism
An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean''s tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After contr...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/162 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean''s tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba. The results also suggest that Caribbean countries have in general not lowered their dependency on U.S. tourists, leaving them vulnerable to this potential change |
| Beschreibung: | Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (62 p) |
| ISBN: | 1451870205 9781451870206 |
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| index_date | 2024-07-03T20:13:25Z |
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| physical | 1 Online-Ressource (62 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Romeu, Rafael Verfasser aut Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism Romeu, Rafael Washington, D.C International Monetary Fund 2008 1 Online-Ressource (62 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/162 Includes bibliographical references An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean''s tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba. The results also suggest that Caribbean countries have in general not lowered their dependency on U.S. tourists, leaving them vulnerable to this potential change Online-Ausg International economic relations Econometric models Tourism Econometric models Tourism Caribbean Area Econometric models Tourism Cuba Econometric models Cuba / Foreign economic relations / United States / Econometric models United States / Foreign economic relations / Cuba / Econometric models Electronic books http://elibrary.imf.org/view/IMF001/09207-9781451870206/09207-9781451870206/09207-9781451870206.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Romeu, Rafael Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism International economic relations Econometric models Tourism Econometric models Tourism Caribbean Area Econometric models Tourism Cuba Econometric models |
| title | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism |
| title_auth | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism |
| title_exact_search | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism |
| title_exact_search_txtP | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism |
| title_full | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism Romeu, Rafael |
| title_fullStr | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism Romeu, Rafael |
| title_full_unstemmed | Vacation Over Implications for the Caribbean of Opening U.S.-Cuba tourism Romeu, Rafael |
| title_short | Vacation Over |
| title_sort | vacation over implications for the caribbean of opening u s cuba tourism |
| title_sub | Implications for the Caribbean of Opening U.S.-Cuba tourism |
| topic | International economic relations Econometric models Tourism Econometric models Tourism Caribbean Area Econometric models Tourism Cuba Econometric models |
| topic_facet | International economic relations Econometric models Tourism Econometric models Tourism Caribbean Area Econometric models Tourism Cuba Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09207-9781451870206/09207-9781451870206/09207-9781451870206.xml |
| work_keys_str_mv | AT romeurafael vacationoverimplicationsforthecaribbeanofopeninguscubatourism |