Perfect Storm: Climate Change and Tourism
IMF Working Papers, November 13, 2020
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- Perfect Storm: Climate Change and Tourism
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Bibliographic details
- Authors: Serhan Cevik, Manuk Ghazanchyan
- Published: November 13, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513559575.001
Scope and methodology
- Study investigates the long-term impact of climate change vulnerability on international tourism.
- Geographic focus: panel of 15 Caribbean countries.
- Time coverage: 1995–2017.
- Uses a novel multidimensional vulnerability index.
- Employs system GMM technique and system GMM identification assumption (as indicated in keywords).
Key findings
- Climate vulnerability already has a statistically and economically significant negative effect on international tourism revenues across the Caribbean region.
- Extreme weather events are becoming more frequent and severe over time, amplifying risks to tourism-dependent economies.
Policy implications and recommendations
- Caribbean countries need to pursue comprehensive adaptation policies to reduce vulnerabilities to climate change.
- Emphasis on adaptation, adaptation measure, and resilience as central policy goals to protect weather-sensitive tourism sectors.
Publication and metadata
- Authors: Serhan Cevik, Manuk Ghazanchyan
- Date: November 13, 2020
- Series: Working Paper No. 2020/243
- Volume: 2020; Issue: 243; Pages: 18
- DOI: https://doi.org/10.5089/9781513559575.001
- Stock No: WPIEA2020243
- ISBN: 9781513559575
- ISSN: 1018-5941
IMF Working Papers — "Perfect Storm: Climate Change and Tourism" (November 13, 2020) by Serhan Cevik and Manuk Ghazanchyan
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- Working Paper