Estimating the Role of Climate Change on International Tourism Flows: Evidence Form Regional Panel

This study examines the role of climate changes on international tourist flows using regional panel. Initial examination has been done using regional and income group classifications while in the second stage small islands have been considered as sun beach destinations. Results prove our research question that climate changes exert significant effects on international tourist flows. These effects are positive in small islands while they are mixed of sings in the cases of regional and income groups classifications. In some developed regions such as Central Europe and the Baltics, a significant interaction between climate changes and tourist flows could not be obtained. Major results of this study contains important policy implications as discussed during this research.