Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/36298
Title: A general equilibrium analysis of the economic impact of a devaluation on tourism : the case of Fiji
Authors: Pratt, S 
Keywords: Devaluation
Tourism consumption
Computable general equilibrium model
Fiji
Issue Date: 2014
Publisher: IP Publishing Ltd
Source: Tourism economics, 2014, v. 20, no. 2, p. 389-405 How to cite?
Journal: Tourism economics 
Abstract: Policymakers often see a currency devaluation as a means of increasing a country's exports, providing a boost to economic activity. En an economy where tourism exports are significant, a devaluation will make tourism more competitive, providing a stimulus to the economy through tourism exports. Imports will be more expensive, which is often seen as an inflationary side-effect of the export stimulus. Results from a computable general equilibrium model of Fiji indicate that, while devaluation will increase tourism consumption, the overall effect on the economy will be contractionary, as household consumption, investment and domestic production will all decrease. Policymakers and central banks need to consider the full economy-wide impacts of a currency devaluation when determining the overall benefit to the economy.
URI: http://hdl.handle.net/10397/36298
ISSN: 1354-8166
EISSN: 2044-0375
DOI: 10.5367/te.2013.0274
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