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…
The last three decades have witnessed a proliferation of regional initiatives which have come about in view of the slow progress achieved at the level of the World Trade Organization (WTO), particularly after the debacle of the Doha Round. The…
In the wake of the impasse in the Doha Development Round (DDR) of multilateral trade talks, a number of countries have been looking at alternative ways to advance their trade agendas – one of which involves the negotiation of plurilateral trade…
Portfolio investors during 1880–1914 were motivated by the prospect of higher (ex-ante) expected returns and the search for diversification. At the London stock exchange, such overseas portfolios also realised higher (ex-post) returns than domestic…
In recent years, African countries have been giving greater priority to building their industrial capacity, placing particular emphasis on manufacturing in order to reduce their dependency on commodity trade. However, most African countries face…