Books
2008

The Economics of Small Island Tourism


Type: International
Authors: Riaz Shareef, Suhejla Hoti, Michael McAleer
Publisher: Edward Elgar, Series on Economics and the Environment
Date: 2008

Abstract

This study forms an entirely new area of research on Small Island Tourism Economies (SITEs). It addresses the importance of uncertainty in monthly international tourist arrivals and country risk indicators to the macroeconomy. Conditional volatilities are estimated for international tourist arrivals, and an economic interpretation from the estimated results is provided. In achieving these two objectives, this work presents an extensive assessment of the important characteristics and the impact of tourism in SITEs in relation to their gross domestic product, balance of payments, employment and foreign direct investment, among other factors. This book is unique in giving emphasis to macroeconomic implications rather than an industry focus.
This volume will appeal to academics at the undergraduate and postgraduate levels involved in environmental and tourism management as well as tourism economics.

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