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- W2051925201 abstract "This paper constructs a three-level CES model and estimates the effect of real exchange rates on competition for tourism earnings. Elasticities of substitution are estimated, first intra-Caribbean, then among regional aggregates. A worldwide and a U.S. market are both estimated. U.S. tourists substitute relatively more interregionally, but less intra-Caribbean. Significant effects of political violence are also captured. Development policy options are examined, including the role of parallel tourism exchange rates and Caribbean collusion." @default.
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- W2051925201 title "Elasticities of substitution in Caribbean tourism" @default.
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- W2051925201 doi "https://doi.org/10.1016/0304-3878(88)90073-9" @default.
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