Yuxian Chen, Yannis Ioannides, 15 September 2020

With the COVID-19 pandemic raging at the beginning of the summer of 2020, countries that depend heavily on international tourism were confronted with the dilemma of whether or not to let travel restart. This column uses international data to explore the relationship between tourism specialisation and short-run economic growth. The results suggest that a 1% increase in tourism specialisation is associated with 0.01 percentage point increase in the growth rate of GDP per capita for OECD countries. This is in line with previous findings but is based on up-to-date panel data.

Jaime de Melo, Verena Tandrayen-Ragoobur , Boopen Seetanah, 28 May 2020

When they are strict and prolonged, the public health and social measures to contain Covid-19 have proven difficult to respect. This column gives evidence of the different outcomes, as of 23 May, across a sample of 20 tourist-dependent island states with populations of between 100,000 and 10 million. If tourist-dependent islands have been hit hard by the shock, most have fared well, particularly those – like Mauritius – that acted early and imposed a strict lockdown. 

Bary Pradelski, Miquel Oliu-Barton, 22 October 2020

On 13 October 2020, EU member states agreed to common criteria for mapping epidemiological risk and to implement non-discriminatory travel restrictions. The strategy agrees in its key aspects with the concept of green-zoning introduced in the original version of this column, which was published in April and circulated to European decision makers. It is based on four principles: (1) divide each country into smaller zones; (2) label zones green if the virus is under control, and red otherwise; (3) adopt colour-dependent public health measures; (4) allow free travel between green zones, but control other travel. This approach is aimed at curbing the spread of the virus while ensuring lasting economic recovery.

Tim Besley, Thiemo Fetzer, Hannes Mueller, 14 February 2020

Reporting on violence draws attention to countries not typically covered by international news outlets. This leads to a ‘bad news’ bias, which can affect not only how people view these countries, but whether they choose to visit. Using aggregated spending data to proxy tourist activity, this column documents a robust relationship between the intensity of reporting on violence and subsequent drops in tourist spending, suggesting that a bad news bias can have serious economic consequences for the countries that suffer from it. 

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We would like to invite you to participate in the 24th EBES Conference - Bangkok, Thailand which will bring together many distinguished researchers from all over the world. Participants will find opportunities for presenting new research, exchanging information, and discussing current issues.

Although we focus on Europe and Asia, all papers from major economics, finance, and business fields - theoretical or empirical - are highly encouraged. The deadline for abstract submissions is October 31, 2017.

Brandon Dupont, Thomas Weiss, 06 November 2016

The transportation revolution of the 19th century opened up new opportunities for migrant and tourist travel across the North Atlantic. While the impact of this revolution on freight cargoes and, to some extent, mass immigration has been well documented, we know considerably less about non-migrant overseas passenger travel. This column presents data on first class ocean travel fares between the US and the UK from 1826 to 1914, and demonstrates how such data can be gathered from various scattered sources and compiled into a reasonably reliable, representative, and informative long-term time series.

Benjamin Faber, Cecile Gaubert, 29 June 2016

Governments around the world continue to fund tourism promotion policies, even while current economic literature debates whether tourism in the long run benefits the economy as a whole. This column uses the empirical context of Mexico to analyse the economic implications of international and domestic tourism, and the underlying mechanisms. It finds that tourism provides long-run economic gains to households, both at the local level and in the aggregate.

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