## Perfect Storm: Climate Change and Tourism

_IMF Working Papers, November 13, 2020_

## Source details

**Canonical URL:** [Perfect Storm: Climate Change and Tourism](https://www.imf.org/en/publications/wp/issues/2020/11/13/perfect-storm-climate-change-and-tourism-49828)

## Other formats

- [Markdown version](/en/publications/wp/issues/2020/11/13/perfect-storm-climate-change-and-tourism-49828/index.md)
- [Structured JSON version](/en/publications/wp/issues/2020/11/13/perfect-storm-climate-change-and-tourism-49828/index.json)
- [Bundle manifest](/en/publications/wp/issues/2020/11/13/perfect-storm-climate-change-and-tourism-49828/bundle-manifest.json)

## Bibliographic details
- Authors: Serhan Cevik, Manuk Ghazanchyan
- Published: November 13, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513559575.001

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### 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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## Content in this bundle

- **Working Paper**
  - [Working Paper (Markdown version)](/-/media/files/publications/wp/2020/english/wpiea2020243-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Working Paper (PDF)](/-/media/files/publications/wp/2020/english/wpiea2020243-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2020/11/13/perfect-storm-climate-change-and-tourism-49828_