Growth Potential of Tourism Taxation in Maldives

Managing Daily Tourism Tax Revenue Risk for the Maldives

International tourism is widely regarded as the principal economic activity in Small Island Tourism Economies (SITEs) (see Shareef (2004) for a comprehensive discussion). Historically, SITEs have been dependent on international tourism for economic development, employment, and foreign exchange, among other economic indicators. A unique SITE is the Maldives, an archipelago of 1190 islands in the...

Coping with Externalities in Tourism - A Dynamic Optimal Taxation Approach

Bleaching drives collapse in reef carbonate budgets and reef growth potential on southern Maldives reefs

Sea-surface temperature (SST) warming events, which are projected to increase in frequency and intensity with climate change, represent major threats to coral reefs. How these events impact reef carbonate budgets, and thus the capacity of reefs to sustain vertical growth under rising sea levels, remains poorly quantified. Here we quantify the magnitude of changes that followed the ENSO-induced ...

Whale shark economics: a valuation of wildlife tourism in South Ari Atoll, Maldives

Whale sharks attract large numbers of tourists, divers and snorkelers each year to South Ari Atoll in the Republic of Maldives. Yet without information regarding the use and economic extent of the attraction, it is difficult to prioritize conservation or implement effective management plans. We used empirical recreational data and generalized mixed statistical models to conduct the first econom...

Modelling international tourism demand and uncertainty in Maldives and Seychelles: A portfolio approach

The sovereign archipelagos of the Maldives and Seychelles in the Indian Ocean are small island tourism economies (SITEs), both of which have small populations and are geographically isolated from the rest of the world. These two SITEs vary profoundly in their territorial size, total land area, prospects for self-reliance in economic development, and an overwhelming reliance on tourism as a sour...