The euro effect: Tourism creation, tourism diversion and tourism potential within the European Union

María Santana-Gallego, Francisco Ledesma () and Jorge Pérez-Rodríguez
Authors registered in the RePEc Author Service: Maria Santana Gallego ()

European Union Politics, 2016, vol. 17, issue 1, 46-68

Abstract: This paper investigates the impact of the Economic and Monetary Union on international tourism flows across a set of 37 developed countries. To do this, an augmented gravity model is estimated using a sample of 31 European countries plus six non-European OECD countries over the period 1995–2012. Results suggest a substantial impact of the euro on intra-Eurozone tourism of between 44 and 126% when proper estimation method, control group and definition of the Eurozone are used. Moreover, evidence of tourism creation is also found. Finally, the potential tourism gains for new members and possible entrants of adopting the euro are explored. This study provides a detailed analysis on the effect of the euro on tourism flows which might be of interest for policymakers of the Eurozone or future member states.

Keywords: Effect of the euro; international tourism; gravity model; tourism potential (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1465116515600533 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:eeupol:v:17:y:2016:i:1:p:46-68

DOI: 10.1177/1465116515600533

Access Statistics for this article

More articles in European Union Politics
Bibliographic data for series maintained by SAGE Publications ().