Do Tourism Receipts Contribute to the Sustainability of Current Account Deficits: a Case Study of Barbados
Article first published online: 23 JUL 2012
Copyright © 2012 John Wiley & Sons, Ltd.
International Journal of Tourism Research
Volume 15, Issue 6, pages 620–624, November/December 2013
How to Cite
Lorde, T., Lowe, S. and Francis, B. (2013), Do Tourism Receipts Contribute to the Sustainability of Current Account Deficits: a Case Study of Barbados. Int. J. Tourism Res., 15: 620–624. doi: 10.1002/jtr.1907
- Issue published online: 4 NOV 2013
- Article first published online: 23 JUL 2012
- Manuscript Accepted: 21 JUN 2012
- Manuscript Revised: 20 JUN 2012
- Manuscript Received: 11 OCT 2011
- inter-temporal budget approach;
- current account deficits;
- tourism receipts;
Given Barbados’ recent history of persistent current account deficits and reliance on tourism as a major source of foreign exchange and driver of the economy, this paper investigated the contribution of tourism receipts to the sustainability of Barbados’ current account deficits. Utilizing an inter-temporal budget approach, it was found that Barbados’ current account deficits were weakly sustainable as a result of tourism's contribution, underscoring the island's dependence on the industry. Copyright © 2012 John Wiley & Sons, Ltd.