Determinants of Tourism in French Overseas Departments and Collectivities
Résumé
This article focuses on the determinants of tourism in French overseas departments and collectivities. An initial estimate of a panel model of annual data for Guadeloupe, Martinique, Mayotte, Reunion Island, French Polynesia, and New Caledonia (NC), over the period 1990–2012, shows that a 1% appreciation of the euro against the dollar reduces the number of tourists by 0.47%. The results also confirm the negative impact of distance/transport costs and the chikungunya crisis. Conversely, stronger growth in France or the United States and a higher level of wealth in the collectives promote tourism. A more detailed panel analysis, with monthly data for NC over the period 1995–2014, reveals that a 1% appreciation of the euro reduces tourism flows by 0.12%, and higher inflation in NC also penalizes tourism. However, distance and the economic situation of the country of origin do not significantly influence tourism flows to NC.
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2363F_2014_2015_12docWCATT_Determinants_Tourism_French_Overseas_Departments_Collectivities_FDeisting_SRey.pdf (419.77 Ko)
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