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What determines international tourist arrivals to Peru? A gravity approach

Author

Listed:
  • Maritza Elizabeth Bermeo Velasquez

    (Superintendency of Banking, Insurance and Private Pension Funds of Peru, Lima, Peru)

  • Jinhwan Oh

    (Graduate School of International Studies, Ewha Womans University, Seoul, Korea)

Abstract

Using the gravity model, this study examines Peru’s tourism patterns by analyzing a panel dataset of the country’s international tourism flows from 59 countries over 22 years (1990–2011). The empirical results for the entire dataset are consistent with the general prediction of the gravity model (positive coefficients for economic size and negative coefficients for distance). Peru mainly has potential to expand tourism flows from European countries like Portugal, Belgium, Russia, Norway, Sweden, Switzerland, Italy, Germany and France. Although Peru offers no visa requirements for such countries, this policy seems to not be sufficient to increase tourism flows from them. Further collaboration between Peru and its neighboring countries in providing coordinated investment in transport infrastructure is necessary to create economies of scale that allow benefits from the cluster effect.

Suggested Citation

  • Maritza Elizabeth Bermeo Velasquez & Jinhwan Oh, 2013. "What determines international tourist arrivals to Peru? A gravity approach," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 16(4), pages 357-369, December.
    • Handle: RePEc:sae:intare:v:16:y:2013:i:4:p:357-369
    DOI: 10.1177/2233865913505103
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    References listed on IDEAS

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    Cited by:

    1. Angeliki N. Menegaki & Nicholas Tsounis & George M. Agiomirgianakis, 2022. "The economic impact of climate change (CC) on the Greek economy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(6), pages 8145-8161, June.
    2. Xu Wang & Ryan P. Badman, 2016. "A Multifaceted Panel Data Gravity Model Analysis of Peru's Foreign Trade," Papers 1612.01155, arXiv.org.
    3. Wenjun Zhong & Jinhwan Oh, 2015. "How to Attract More Tourists to Korea? Possible Collaborations with China," ERSA conference papers ersa15p595, European Regional Science Association.
    4. Recep Ulucak & Ali Gökhan Yücel & Salih Çağrı İlkay, 2020. "Dynamics of tourism demand in Turkey: Panel data analysis using gravity model," Tourism Economics, , vol. 26(8), pages 1394-1414, December.
    5. Xu WANG & Ryan P. BADMAN, 2016. "A Multifaceted Panel Data Gravity Model Analysis of Peru’s Foreign Trade," Turkish Economic Review, KSP Journals, vol. 3(4), pages 562-577, December.
    6. Jaume Rosselló Nadal & María Santana Gallego, 2022. "Gravity models for tourism demand modeling: Empirical review and outlook," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1358-1409, December.

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