The Vacation Is Over: Implications for the Caribbean of Opening U.S.-Cuba Tourism
Rafael Romeu ()
EconomÃa Journal, 2014, vol. Volume 14 Number 2, issue Spring 2014, 1-27
The opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbeanâ€™s tourism industry. This study models the impact of such an opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that liberalizing Cubaâ€“U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba.
Keywords: Trade; Tourism; Cuba; Gravity (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:col:000425:010919
Access Statistics for this article
More articles in EconomÃa Journal from The Latin American and Caribbean Economic Association - LACEA
Bibliographic data for series maintained by LACEA ().