The euro effect: Tourism creation, tourism diversion and tourism potential within the European Union
| Autor: | Francisco Ledesma-Rodríguez, Jorge V. Pérez-Rodríguez, María Santana-Gallego |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Health (social science)
business.industry 05 social sciences International trade Gravity model of trade 0502 economics and business Political Science and International Relations Economics Economic and monetary union media_common.cataloged_instance 050207 economics European union business Developed country 050212 sport leisure & tourism Tourism Demography media_common |
| Zdroj: | European Union Politics. 17:46-68 |
| ISSN: | 1741-2757 1465-1165 |
| DOI: | 10.1177/1465116515600533 |
| Popis: | This paper investigates the impact of the Economic and Monetary Union on international tourism flows across a set of 37 developed countries. To do this, an augmented gravity model is estimated using a sample of 31 European countries plus six non-European OECD countries over the period 1995–2012. Results suggest a substantial impact of the euro on intra-Eurozone tourism of between 44 and 126% when proper estimation method, control group and definition of the Eurozone are used. Moreover, evidence of tourism creation is also found. Finally, the potential tourism gains for new members and possible entrants of adopting the euro are explored. This study provides a detailed analysis on the effect of the euro on tourism flows which might be of interest for policymakers of the Eurozone or future member states. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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