Voluntary sustainability standards are part of the new challenges faced by the multilateral trading system. Regulatory barriers to trade, especially technical barriers and sanitary and phytosanitary measures, apply to several sectors such as trade…
This book reviews the theoretical underpinning of the FDI–tourism nexus and the empirical work on the topic. It also identifies literature gaps and makes a number of recommendations for future research.
The idea that international trade is an engine of economic growth dates from long back, and even now an overwhelming body of literature affirms a strong and positive link between trade liberalization and economic development. However, most of these…
In line with global frameworks, the EU unilaterally decided to reduce the price of its imported sugar, under the ACP-EU Agreement, by 36%. This decision eventually would affect the macro-economic situation of ACP countries. At a micro level the…
We employ a gravity framework to evaluate the importance of transport infrastructure in determining the tourism attractiveness of destinations. The analysis is based on a panel data set of bilateral tourism flows among 28 countries over the decade…
Trade has been identified as an important factor contributing to poverty reduction in many countries. This study uses a panel Vector Autoregressive framework, both in the long run and the short run to analyse the relationship between trade…
With the continual increase in tourism and travel activities globally, there are serious allegations that the industry is significantly contributing towards climate change through its impact on CO2 emissions. There are, to date, no empirical studies…
The present study assesses the impact of relative prices on tourism flows in Mauritius. To account for dynamism in tourism flows modelling, a dynamic time series analysis – namely the vector autoregressive model – is employed. The results show that…
This chapter investigates the impact of trade facilitation on trade flows for a sample of 20 African economies over the period 2007–2014. Using a panel vector autoregressive framework, it finds that trade facilitation enhances trade flows in those…
The present study attempts to address the important question of whether foreign direct investment (FDI) flowing into the tourism sector has served to enhance economic growth in Mauritius for the period 1984–2014. Using a dynamic vector error…