{"title":"旅行震撼","authors":"Gian Maria Milesi-Ferretti","doi":"10.1057/s41308-023-00224-9","DOIUrl":null,"url":null,"abstract":"<p>The COVID-19 pandemic led to a collapse in international travel and tourism in 2020. We explore how the impact of the pandemic relates to countries’ dependence on tourism revenues. We document the collapse of net revenues from international travel in tourism-dependent economies, and show that the share of tourism in GDP is the most important predictor of the pandemic-induced growth shortfall in 2020 across countries, even when compared to measures of pandemic severity. Countries more dependent on foreign tourism were affected particularly severely, including by lockdowns in the countries of origin of their tourists.</p>","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"40 1","pages":""},"PeriodicalIF":3.3000,"publicationDate":"2023-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Travel Shock\",\"authors\":\"Gian Maria Milesi-Ferretti\",\"doi\":\"10.1057/s41308-023-00224-9\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>The COVID-19 pandemic led to a collapse in international travel and tourism in 2020. We explore how the impact of the pandemic relates to countries’ dependence on tourism revenues. We document the collapse of net revenues from international travel in tourism-dependent economies, and show that the share of tourism in GDP is the most important predictor of the pandemic-induced growth shortfall in 2020 across countries, even when compared to measures of pandemic severity. Countries more dependent on foreign tourism were affected particularly severely, including by lockdowns in the countries of origin of their tourists.</p>\",\"PeriodicalId\":47177,\"journal\":{\"name\":\"Imf Economic Review\",\"volume\":\"40 1\",\"pages\":\"\"},\"PeriodicalIF\":3.3000,\"publicationDate\":\"2023-12-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Imf Economic Review\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1057/s41308-023-00224-9\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Imf Economic Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1057/s41308-023-00224-9","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The COVID-19 pandemic led to a collapse in international travel and tourism in 2020. We explore how the impact of the pandemic relates to countries’ dependence on tourism revenues. We document the collapse of net revenues from international travel in tourism-dependent economies, and show that the share of tourism in GDP is the most important predictor of the pandemic-induced growth shortfall in 2020 across countries, even when compared to measures of pandemic severity. Countries more dependent on foreign tourism were affected particularly severely, including by lockdowns in the countries of origin of their tourists.
期刊介绍：
The IMF Economic Review is the official research journal of the International Monetary Fund (IMF). It is dedicated to publishing peer-reviewed, high-quality, context-related academic research on open-economy macroeconomics. It emphasizes rigorous analysis with an empirical orientation that is of interest to a broad audience, including academics and policymakers. Studies that borrow from, and interact with, other fields such as finance, international trade, political economy, labor, economic history or development are also welcome.
The views presented in published papers are those of the authors and should not be attributed to, or reported as, reflecting the position of the IMF, its Executive Board, or any other organization mentioned herein.
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