| By: |
Arriola, Christine;
Kowalski, Przemyslaw;
van Tongeren, Frank |
| Abstract: |
COVID-19 has had an unprecedented negative impact on the global economy, and
the effects are felt most acutely in the tourism sector. A safe return of the
international tourism sector is essential to the million’s of people around
the globe who rely on this sector for their livelihood. Given the nature of
the international tourism industry, the sector’s rebound depends on a
coordinated effort among governments to relax cross-border travel
restrictions. This paper attempts to quantify the cost if these efforts fail.
Using the OECD METRO model, we find that an uneven recovery in the tourism
sectors would reduce the gains in real GDP by 1.4 USD trln, relative to an
even recovery where all countries simultaneously relax restrictions on the
tourism sector to the same degree |
| Keywords: |
International Relations/Trade, International Relations/Trade |
| Date: |
2022 |
| URL: |
http://d.repec.org/n?u=RePEc:ags:pugtwp:333411&r=tur |