This paper employs recent advances in dynamic panel data analysis to study the determinants of tourist flows to the Caribbean. Consistent with the theoretical literature, the results are found to be highly sensitive to estimation technique. The preferred GMM system suggests income and price elasticities substantially above those found in the literature.
No takes yet. Share an insight, caveat, or question.
Maloney et al. (2005) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: