Arbeitspapier

How important is tourism for the international transmission of cyclical fluctuations? Evidence from the Mediterranean

We quantify the importance of the tourism channel for the international transmission of cyclical fluctuations to the Mediterranean basin. We use five destination countries and a number of source countries to provide broad evidence on the link. Source country output shocks produce important fluctuations in international tourism flows. Absent the tourism channel, the output effects in a typical destination country would be reduced by about one-fourth. Imported shocks account for an important portion of the fluctuations in destination countries variables. Policy prescriptions are discussed.

Sprache
Englisch

Erschienen in
Series: ECB Working Paper ; No. 1553

Klassifikation
Wirtschaft
Business Fluctuations; Cycles
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Thema
Bayesian random coefficient VARs
International Business Cycles
Mediterranean basin
Tourism flows

Ereignis
Geistige Schöpfung
(wer)
Canova, Fabio
Dallari, Pietro
Ereignis
Veröffentlichung
(wer)
European Central Bank (ECB)
(wo)
Frankfurt a. M.
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Canova, Fabio
  • Dallari, Pietro
  • European Central Bank (ECB)

Entstanden

  • 2013

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