Country Risk Ratings of Small Island Tourism Economies

Small Island Tourism Economies: A Snapshot of Country Risk Ratings

Abstract: Over the last twenty years, there has been a growing fascination about the livelihood of islands with small populations and territories which overwhelmingly rely on tourism as a source of exports. The Small Island Tourism Economies profiled in this paper were colonised, and had depended heavily on financial aid from their former colonists for infrastructure development that has declin...

Modelling the Volatility in Country Risk for Small Island Tourism Economies

Small Island Tourism Economies (SITEs) differ significantly in their size, location, political systems, historical experience, economic prospects, ecological fragility, and vulnerability to ethnic conflicts, crime, and the threat of global terrorism. Given these differences, a careful analysis of country risk and its components for the SITEs is of great interest to private tourism operators and...

Volatility in International Tourism Demand for Small Island Tourism Economies

Volatility in monthly international tourist arrivals is defined as the squared deviation from mean monthly international tourist arrivals. Consequently, volatility is directly related to the standard deviation, which is a common measure of financial risk. Fluctuating variations, or conditional volatility, in international monthly tourist arrivals are typically associated with unanticipated even...

Modelling the sustainability of mass tourism in island tourist economies

Tourism is one of the world’s largest industries and is a source of jobs across national and regional economies. Assessing the economic, environmental and social impacts of tourism development has become a major activity within the tourism and sustainable development communities. The purpose of this research is to demonstrate the contribution of system dynamics for analysing policies that can n...

Value-at-Risk for country risk ratings