Tourism and Empirical Applications of International Trade Theory: A Multi-Country Analysis

Allan Webster, John Fletcher, Philip Hardwick and Yeganeh Morakabati
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Allan Webster: Professor of Finance, The Business School, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK
John Fletcher: Professor of Tourism, International Centre for Tourism and Hospitality Research, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK
Philip Hardwick: Professor of Economics, The Business School, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK
Yeganeh Morakabati: Senior Research Associate, School of Services Management, Bournemouth University, Talbot Campus, Fern Barrow, Poole BH12 5BB, UK

Tourism Economics, 2007, vol. 13, issue 4, 657-674

Abstract: This paper examines the application of quantitative techniques to further our understanding of international trade theory with respect to tourism flows. The analyses are based on the construction of Balassa and Grubel–Lloyd Indices, as well as the construction of dynamic indices. The results of the analyses suggest that international trade theory has much to offer the study of international tourism flows. Many countries seem to specialize as both exporters and importers of tourism services. The analyses also explore the theoretical assertion that intra-industry trade is likely to be of importance in understanding international tourism flows.

Keywords: international trade theory; Balassa Index; Grubel–Lloyd Index; revealed comparative advantage; dynamic indices of intra-industry trade (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:13:y:2007:i:4:p:657-674

DOI: 10.5367/000000007782696041

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