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|c 5.00 USD
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|z 9781451870206
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Romeu, Rafael.
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|a Vacation Over :
|b Implications for the Caribbean of Opening U.S.-Cuba Tourism /
|c Rafael Romeu.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (62 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2008/162
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/162/001.2008.issue-162-en.xml
|z IMF e-Library
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