The Effect of EMU on Tourism

The Effect of EMU on Tourism

This paper estimates the effect of the euro on intra‐EMU tourist flows by using a panel dataset of 20 OECD countries over the period 1995–2002. The results reveal that the euro has increased tourism, with an effect of around 6.5%. This is a noticeable impact given the early stage of the EMU analyzed...

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Veröffentlicht in:Review of international economics 2007-05, Vol.15 (2), p.302-312
Hauptverfasser: Gil-Pareja, Salvador, Llorca-Vivero, Rafael, Martínez-Serrano, José Antonio
Format: Artikel
Sprache:eng
Schlagworte:
Economic and Monetary Union
Economic impact analysis
Economic theory
Euro
Europe
European Monetary Union
Impact analysis
Panel data
Regional analysis
Studies
Tourism
Trade flows
Travel
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Zusammenfassung:This paper estimates the effect of the euro on intra‐EMU tourist flows by using a panel dataset of 20 OECD countries over the period 1995–2002. The results reveal that the euro has increased tourism, with an effect of around 6.5%. This is a noticeable impact given the early stage of the EMU analyzed. The robustness checks show that the evidence of a positive impact is quite widespread across EMU destination countries.
ISSN:0965-7576
1467-9396
DOI:10.1111/j.1467-9396.2006.00620.x