Trips and trade

Volker Nitsch

Chapter 6 in Research Handbook on Economic Diplomacy, 2018, pp 87-93 from Edward Elgar Publishing

Abstract: Politicians travel abroad a lot, for various reasons. Despite technological advances (allowing for communication close to face-to-face interaction), travel activities by politicians have increased over the last few decades. The types of their trips range from formal, multi-day visits to brief logistical stop-overs, from the regular exchange of information in working meetings to ceremonial visits. Diplomatic activities are costly involving money, time and effort. As a result, and also due to a gradual shift of focus in diplomacy towards economic issues, a growing literature aims to quantify the economic benefits of such activities. The author reviews selected issues in the analysis of the economic effects of foreign travels by politicians. After highlighting possible differences in the effects dependent on the visitor’s official position, he emphasizes that only few travels, dependent on their purpose, may be economically relevant. Possible endogeneity in the choice of travel destinations is a key difficulty for identification.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781784710835/9781784710835.00011.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
Working Paper: Trips and Trade (2018)
Working Paper: Trips and trade (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:16053_6

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().