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The Effect of EMU on Tourism *
Author(s) -
GilPareja Salvador,
LlorcaVivero Rafael,
MartínezSerrano José Antonio
Publication year - 2007
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/j.1467-9396.2006.00620.x
Subject(s) - economics , tourism , robustness (evolution) , panel data , international economics , econometrics , monetary economics , geography , chemistry , biochemistry , archaeology , gene
This paper estimates the effect of the euro on intra‐EMU tourist flows by using a panel dataset of 20 OECD countries over the period 1995–2002. The results reveal that the euro has increased tourism, with an effect of around 6.5%. This is a noticeable impact given the early stage of the EMU analyzed. The robustness checks show that the evidence of a positive impact is quite widespread across EMU destination countries.