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. The Economics of Small Island Tourism will appeal to academics at the undergraduate and postgraduate levels involved in environmental and tourism management as well as tourism economics.International Demand and Country Risk Analysis Riaz Shareef, Suhejla Hoti, Michael McAleer ... Risk ratings and risk returns of six SITEs are examined in this chapter, these being the only SITEs for which monthly International Country Risk Guide (ICRG) risk ratings and risk returns are ... Dominican Republic, Haiti, Jamaica and Malta, for which monthly ICRG data are available, is presented in Section 7.4anbsp;...
|Title||:||The Economics of Small Island Tourism|
|Author||:||Riaz Shareef, Suhejla Hoti, Michael McAleer|
|Publisher||:||Edward Elgar Publishing - 2008-01-01|