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Tourism competitiveness in the Caribbean

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  • Bolaky, Bineswaree

Abstract

This article analyses the main determinants of competitiveness in the Caribbean tourism stay-over industry using panel data for the period 1995-2006, based on an augmented version of an empirical model by Craigwell (2007). The ex post measure of competitiveness used is the share of world outbound tourists from Canada, the United Kingdom of Great Britain and Northern Ireland and the United States of America arriving in a Caribbean destination. The study finds evidence that Caribbean tourism competitiveness can be enhanced through policy measures that favour, among others, increases in investment, private sector development, better infrastructure, lower government consumption, a more flexible labour market, reduced vulnerability to natural disasters, higher human development and slow rises in oil prices. This article is an attempt to fill the gap on econometric research relating to tourism competitiveness for the Caribbean region.

Suggested Citation

  • Bolaky, Bineswaree, 2011. "Tourism competitiveness in the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    • Handle: RePEc:ecr:col070:11503
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    1. Rafael Romeu, 2014. "The Vacation Is Over: Implications for the Caribbean of Opening U.S.-Cuba Tourism," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 1-27, January.
    2. Rosensweig, Jeffrey A., 1988. "Elasticities of substitution in Caribbean tourism," Journal of Development Economics, Elsevier, vol. 29(1), pages 89-100, July.
    3. International Monetary Fund, 2003. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2003/088, International Monetary Fund.
    4. -, 2008. "Tourism life cycle, tourism competitiveness and upgrading strategies in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38717, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. World Bank, 2005. "Latin America and the Caribbean : A Time to Choose, Caribbean Development in the 21st Century," World Bank Publications - Reports 8542, The World Bank Group.
    6. McBain, Helen, 2007. "Caribbean tourism and agriculture: linking to enhance development and competitiveness," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 5056, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Roland Craigwell, 2007. "Tourism Competitiveness in Small Island Developing States," WIDER Working Paper Series RP2007-19, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Ms. Nicole Laframboise & Miss Nkunde Mwase & Mr. Joonkyu Park & Yingke Zhou, 2014. "Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals?," IMF Working Papers 2014/229, International Monetary Fund.
    2. Mr. Julian T Chow, 2019. "Tourism In Belize: Ensuring Sustained Growth," IMF Working Papers 2019/267, International Monetary Fund.
    3. Martha B. Flores-Romero & Miriam E. Pérez-Romero & José Álvarez-García & María de la Cruz del Río-Rama, 2021. "Fuzzy Techniques Applied to the Analysis of the Causes and Effects of Tourism Competitiveness," Mathematics, MDPI, vol. 9(7), pages 1-17, April.
    4. Milwood, Pauline A. & Crick, Anne P., 2021. "Culinary tourism and post-pandemic travel: Ecosystem responses to an external shock," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(1), pages 23-32.
    5. -, 2012. "Population, territory and sustainable development," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 22426 edited by Eclac.

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