The Effect of EMU on Tourism
11 Pages Posted: 2 May 2007
Abstract
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.
Suggested Citation: Suggested Citation
Gil-Pareja, Salvador and Llorca-Vivero, Rafael and Martínez-Serrano, José Antonio, The Effect of EMU on Tourism. Review of International Economics, Vol. 15, No. 2, pp. 302-312, May 2007. Available at SSRN: https://ssrn.com/abstract=983231 or http://dx.doi.org/10.1111/j.1467-9396.2006.00620.x
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