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.

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.