Determinants of Tourism in French Overseas Departments and Collectivities

Florent Deisting and Serge Rey

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Abstract: This article focuses on the determinants of tourism in French overseas departments and collectivities. An initial estimate of a panel model of annual data for Guadeloupe, Martinique, Mayotte, Reunion Island, French Polynesia, and New Caledonia (NC), over the period 1990–2012, shows that a 1% appreciation of the euro against the dollar reduces the number of tourists by 0.47%. The results also confirm the negative impact of distance/transport costs and the chikungunya crisis. Conversely, stronger growth in France or the United States and a higher level of wealth in the collectives promote tourism. A more detailed panel analysis, with monthly data for NC over the period 1995–2014, reveals that a 1% appreciation of the euro reduces tourism flows by 0.12%, and higher inflation in NC also penalizes tourism. However, distance and the economic situation of the country of origin do not significantly influence tourism flows to NC.

Keywords: Tourism; French overseas departments and collectivities; New Caledonia; Panel model; Euro/US dollar (search for similar items in EconPapers)
Date: 2015-04
Note: View the original document on HAL open archive server: https://univ-pau.hal.science/hal-01880325v1
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Related works:
Journal Article: DETERMINANTS OF TOURISM IN FRENCH OVERSEAS DEPARTMENTS AND COLLECTIVITIES (2015)
Working Paper: Determinants of Tourism in French Overseas Departments and Collectivities (2015)
Working Paper: Determinants of Tourism in French Overseas Departments and Collectivities (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpcatt:hal-01880325

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