Foreign Informational Lobbying Can Enhance Tourism : Evidence from the Caribbean

There exist legal channels for informational lobbying of U.S. policymakers by foreign principals. Foreign governments and private sector principals frequently and intensively use this institutional channel to lobby on trade and tourism issues. Thi...

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Bibliographic Details
Main Authors:	Gawande, Kishore, Maloney, William, Montes Rojas, Gabriel V.
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ASSET POSITION ASSET POSITIONS ASSETS ASYMMETRIC INFORMATION BANKS BENEFICIARIES BOND CAPITAL FLOWS CD CHECKS COMMERCIAL POLICY CONFIDENCE CONSUMERS CPI DESTINATION COUNTRIES DESTINATION COUNTRY DESTINATIONS DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC PRODUCERS DUMMY VARIABLE ECONOMETRIC MODELS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMICS LITERATURE ELASTICITY OF DEMAND ENDOGENOUS VARIABLES EQUILIBRIUM EXCHANGE RATE MOVEMENTS EXCHANGE RATES EXOGENOUS VARIABLES EXPECTED UTILITY EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT PROMOTION EXPORTERS EXPORTS EXTERNAL ASSET EXTERNAL ASSETS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FLOW OF TOURISTS FOREIGN CURRENCY FUTURE RESEARCH GDP PER CAPITA GLOBAL MARKET GLOBALIZATION GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REVENUES HOST COUNTRY HOST GOVERNMENT HOTEL HOTEL REGISTRATIONS HOTELS IMPORTS INDUSTRIALIZATION INFORMATION ASYMMETRIES INFORMATION DISSEMINATION INFORMATIONAL ASYMMETRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL SETTLEMENTS INTERNATIONAL TOURISM INTERNATIONAL TRADE INVESTIGATION JUSTICE KNOWLEDGE ECONOMY LAWS LEVIES LOBBYING LOBBYIST LOBBYISTS MACROECONOMIC SHOCKS MARKET ACCESS MEDIA MEDIA RELATIONS NASH EQUILIBRIUM NATURAL RESOURCES NEGATIVE SHOCK NUMBER OF TOURISTS OFFSHORE FINANCING OPEN ECONOMY PARKS PENALTY PER CAPITA INCOME POLITICIANS POSITIVE COEFFICIENT PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE SENSITIVITY PRODUCT DIFFERENTIATION PROTECTIONISM PROTECTIONIST PUBLIC OFFICIALS REAL EXCHANGE RATE REAL GDP RETURNS SCUBA DIVING SUSTAINABILITY TARIFF PREFERENCES TAX TAX RATES TOURISM TOURISM BOARDS TOURISM BUSINESSES TOURISM DEMAND TOURISM DESTINATIONS TOURISM DEVELOPMENT TOURISM INDUSTRIES TOURISM INDUSTRY TOURISM ISSUES TOURISM MANAGEMENT TOURISM ORGANIZATION TOURISM PROMOTION TOURISM RECEIPTS TOURISM RESEARCH TOURISM RESOURCES TOURISM SECTOR TOURISM SERVICES TOURIST TOURIST ARRIVALS TOURIST DEMAND TOURIST DESTINATIONS TOURISTS TRADE IN GOODS TRADE IN SERVICES TRADE POLICY TRADE PROMOTION TRANSPARENCY VACATION VIOLENCE WORLD TOURISM WORLD TOURISM ORGANIZATION WORLD TRADE WORLD TRADE ORGANIZATION
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090210093447 http://hdl.handle.net/10986/4030

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Summary:	There exist legal channels for informational lobbying of U.S. policymakers by foreign principals. Foreign governments and private sector principals frequently and intensively use this institutional channel to lobby on trade and tourism issues. This paper empirically studies whether such lobbying effectively achieves its goal of trade promotion in the context of Caribbean tourism, and suggests the potential for using foreign lobbying as a vehicle for development. Panel data are used to explore and quantify the association between foreign lobbying by Caribbean principals and U.S. tourist arrivals to Caribbean destinations. A variety of sensitivity analyses support the finding of a strong association. The policy implications are obvious and potentially important for developing countries.

Foreign Informational Lobbying Can Enhance Tourism : Evidence from the Caribbean

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