AN ANALYSIS OF THE RELIANCE OF SMALL ISLAND DEVELOPING STATES ON TOURISM

David Bojanic ()
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David Bojanic: UTSA

Working Papers from College of Business, University of Texas at San Antonio

Abstract: Small Island Developing States (SIDS) include low-lying coastal countries that share similar sustainable development challenges. For example, SIDS have limitations in regards to the raw materials, skilled labor, and technology necessary to compete in the global export markets. Therefore, tourism has become one of the most important industries in most SIDS and it is important to understand the true nature and impact of tourism in these countries. The purpose of this paper is to examine the reliance on tourism by SIDS countries relative to Non-SIDS countries. This study uses panel data from 1995 through 2010 for all of the countries in the five regions where there are SIDS. The findings demonstrate that there is a significant difference in tourism as a percentage of GDP, with SIDS having a higher percentage. Also, the comparison of other tourism variables suggests that SIDS rely more on tourism than Non-SIDS.

Keywords: Small Island Developing States (SIDS); tourism trade; economic development; panel data. (search for similar items in EconPapers)
JEL-codes: C23 F10 O10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2013
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Citations: View citations in EconPapers (2)

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