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An Analysis Of The Reliance Of Small Island Developing States On Tourism

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  • David Bojanic

    (UTSA)

Abstract

Small Island Developing States (SIDS) include low-lying coastal countries that share similar sustainable development challenges. For example, SIDS have limitations in regards to the raw materials, skilled labor, and technology necessary to compete in the global export markets. Therefore, tourism has become one of the most important industries in most SIDS and it is important to understand the true nature and impact of tourism in these countries. The purpose of this paper is to examine the reliance on tourism by SIDS countries relative to Non-SIDS countries. This study uses panel data from 1995 through 2010 for all of the countries in the five regions where there are SIDS. The findings demonstrate that there is a significant difference in tourism as a percentage of GDP, with SIDS having a higher percentage. Also, the comparison of other tourism variables suggests that SIDS rely more on tourism than Non-SIDS.

Suggested Citation

  • David Bojanic, 2013. "An Analysis Of The Reliance Of Small Island Developing States On Tourism," Working Papers 0163mkt, College of Business, University of Texas at San Antonio.
    • Handle: RePEc:tsa:wpaper:0163mkt
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    References listed on IDEAS

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    1. Javier Capó Parrilla & Antoni Riera Font & Jaume Rosselló Nadal, 2005. "Dutch Disease in Tourism Economies. Evidence from Spain," CRE Working Papers (Documents de treball del CRE) 2005/01, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2005.
    2. Craigwell, Roland & Maurin, Alain, 2007. "A sectoral analysis of Barbados’ GDP business cycle," MPRA Paper 33428, University Library of Munich, Germany.
    3. Winston H. Griffith, 2002. "A Tale of Four CARICOM Countries," Journal of Economic Issues, Taylor & Francis Journals, vol. 36(1), pages 79-106, March.
    4. Fathimath Ghina, 2003. "Sustainable Development in Small Island Developing States," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 5(1), pages 139-165, March.
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    Cited by:

    1. Fabio Mazzola & Pietro Pizzuto & Giovanni Ruggieri, 2022. "Tourism and territorial growth determinants in insular regions: A comparison with mainland regions for some European countries (2008–2019)," Papers in Regional Science, Wiley Blackwell, vol. 101(6), pages 1331-1382, December.
    2. Bojanic, David C. & Lo, Melody, 2016. "A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries," Tourism Management, Elsevier, vol. 53(C), pages 207-214.

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    More about this item

    Keywords

    Small Island Developing States (SIDS); tourism trade; economic development; panel data.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F10 - International Economics - - Trade - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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