Munich Personal RePEc Archive

Do Tourism Receipts Contribute to the Sustainability of Current Account Deficits: A Case Study of Barbados

Lorde, Troy and Lowe, Shane and Francis, Brian (2010): Do Tourism Receipts Contribute to the Sustainability of Current Account Deficits: A Case Study of Barbados. Published in: International Journal of Tourism Research , Vol. 15, : pp. 620-624.

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Abstract

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.

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