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
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)
New Economics Papers: this item is included in nep-ifn, nep-int and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/18318/1/MPRA_paper_18318.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18318
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().