L’impact du taux de change sur le tourisme en France

Guillaume Chevillon and Xavier Timbeau

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Abstract: The reduction in the French trade balance observed since late 2001 has partly been caused by the weakness of the domestic tourism sector. Among potential explications thereof are the appreciation of euro; the post 9/11 trauma, and a possible decrease in the appeal of the French territory. We develop equilibrium correction models for the number of travelers in and out of the territory and their expenses. This helps us show that exchange rate variations are the main culprit as they account for over 60% of the reduction in the for tourism section of the balance of payments.

Keywords: Tourisme; Taux de change; Balance commerciale (search for similar items in EconPapers)
Date: 2006-07
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459195
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Published in Revue de l'OFCE, 2006, 98, pp.167 - 181. ⟨10.3917/reof.098.0167⟩

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Journal Article: L'impact du taux de change sur le tourisme en France (2006)
Working Paper: L’impact du taux de change sur le tourisme en France (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03459195

DOI: 10.3917/reof.098.0167

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