Linking tourism flows and biological biodiversity in Small Island Developing States (SIDS): evidence from panel data.
Small Island Developing States (SIDS) are characterized by high levels of biodiversity that are under threat. Simultaneously, the tourism sector plays a key role in many of these economies. In this paper, the Hausman-Taylor estimator is used to investigate a tourism demand function in SIDS in which...
| Published in: | Environment & Development Economics Vol. 18; no. 4; pp. 392 - 405 |
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| Main Authors: | , |
| Format: | Article |
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Cambridge University Press
Aug2013
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=88799584&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 88799584 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 1355770X FZP jtl: Environment & Development Economics issn: 1355770X maglogo: N pubinfo: dt: Aug2013 vid: 18 iid: 4 pid: 15979 pub: Cambridge University Press artinfo: ui: 88799584 10.1017/S1355770X13000120 ppf: 392 ppct: 13 formats: tig: atl: Linking tourism flows and biological biodiversity in Small Island Developing States (SIDS): evidence from panel data. aug: au: Teelucksingh, Sonja S. Watson, Patrick K. affil: Department of Economics, University of the West Indies, St Augustine, Trinidad & Tobago. Tel: + 1 868 662 2002 x 83231/3057/2398. Fax: + 1 868 662 6555; and Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies, Trinidad & Tobago. Tel: + 1 868 662 6965. Fax: + 1 868 645-6329. E-mail: sonja.teelucksingh@sta.uwi.edu Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies, Trinidad & Tobago. E-mail: patrick.watson@sta.uwi.edu su: Tourism & the environment Marine biodiversity Biodiversity research Analysis of covariance Developing countries sug: subj: Tourism & the environment Marine biodiversity Biodiversity research Analysis of covariance Developing countries ab: Small Island Developing States (SIDS) are characterized by high levels of biodiversity that are under threat. Simultaneously, the tourism sector plays a key role in many of these economies. In this paper, the Hausman-Taylor estimator is used to investigate a tourism demand function in SIDS in which marine and terrestrial biodiversity play a key role, in addition to the traditional economic and price variables. This estimator allows for both the presence of time-invariant variables, a standard feature of environmental data, and the existence of endogenous covariates. Levels of biodiversity are found to have a significant influence on tourism in SIDS and, in particular, a test for redundant variables shows that the biodiversity variables are jointly significant. This justifies their inclusion in a tourism demand function, over and above the conventional economic factors, and points to the importance of national and international policy in protecting the biodiversity of SIDS. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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