Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/153986 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
ECB Working Paper No. 1553
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We quantify the importance of the tourism channel for the international transmission of cyclical fluctuations to the Mediterranean basin. We use five destination countries and a number of source countries to provide broad evidence on the link. Source country output shocks produce important fluctuations in international tourism flows. Absent the tourism channel, the output effects in a typical destination country would be reduced by about one-fourth. Imported shocks account for an important portion of the fluctuations in destination countries variables. Policy prescriptions are discussed.
Schlagwörter: 
Bayesian random coefficient VARs
International Business Cycles
Mediterranean basin
Tourism flows
JEL: 
E32
C32
Dokumentart: 
Working Paper

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