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ABSTRACT
In this paper, the author explores the role of tourism as a stimulant for Cyprus' exports. Using an econometric model with 148 countries in a cross-section from 1997–1999, the author tests several hypotheses pertaining to export patterns for Cyprus. Tourism is one variable that seems to work to stimulate demand for Cypriot good abroad. In addition, state involvement, distance, and cultural similarity are some of the most consistent indicators explaining export patterns for Cyprus. Many interesting issues surround the trade of Cyprus, a country that has experienced a great deal of economic development in the past twenty years but remains economically dependent upon tourism and politically divided. Although tourism dominates the economy, no one has investigated the role of tourism in stimulating the export sector. This paper explores a number of interesting issues related to the political economy of Cyprus' exports, while focussing on the influence of tourism. An econometric model is used to explain the variation in levels of Cyprus' exports with 148 countries. Below is a short discussion of theoretical background linking tourism with exports for Cyprus followed by statistical tests and a conclusion regarding what has been learned.
