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The Exchange Rate and US Tourism Balance of Trade

Ka Ming Cheng (), Hyeongwoo Kim () and Henry Thompson ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates evidence on the effect of dollar depreciation on the US tourism balance of trade. Export revenue and import spending functions are estimated separately with structural vector autoregressive methods to better capture the dynamic adjustment to exchange rate shocks. Quarterly data cover the period of floating exchange rates from 1973 through 2007. Depreciation raises long term US export revenue but there is no effect on import spending.

Keywords: balance of trade; exchange rate; tourism; structural vector autoregressive model; J-curve (search for similar items in EconPapers)
JEL-codes: C32 F10 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-ifn, nep-int and nep-tur
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