Perfect Storm: Climate Change and Tourism

Serhan Cevik and Manuk Ghazanchyan

MPRA Paper from University Library of Munich, Germany

Abstract: While the world’s attention is on dealing with the COVID-19 pandemic, climate change remains a greater existential threat to vulnerable countries that are highly dependent on a weather-sensitive sector like tourism. Using a novel multidimensional index, this study investigates the long-term impact of climate change vulnerability on international tourism in a panel of 15 Caribbean countries over the period 1995–2017. Empirical results show that climate vulnerability already has a statistically and economically significant negative effect on international tourism revenues across the region. As extreme weather events are becoming more frequent and severe over time, our findings indicate that the Caribbean countries need to pursue comprehensive adaptation policies to reduce vulnerabilities to climate change.

Keywords: Climate change; global warming; tourism; adaptation; resilience; Caribbean (search for similar items in EconPapers)
JEL-codes: O44 Q51 Q54 (search for similar items in EconPapers)
Date: 2020-11-13
New Economics Papers: this item is included in nep-env and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Perfect Storm: Climate Change and Tourism (2021)
Working Paper: Perfect Storm: Climate Change and Tourism (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:104190

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