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Determinants of the demand for US exports and imports of tourism

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  • Michael Vogt

Abstract

This study estimates real income and relative price elasticities of demand for US exports and imports of tourism with annual data from 1973-2002. Overall, there is empirical support for the model of tourism expenditure. With one exception, the estimated parameters have the correct signs, and most are significantly different from zero. The US trading partners appear to be more sensitive to the determinants of international tourism than is the US The greater response (of the US trading partners) to changes in real income may account for the US running surpluses on its tourism balance during 16 of the 29 years of our sample period.

Suggested Citation

  • Michael Vogt, 2008. "Determinants of the demand for US exports and imports of tourism," Applied Economics, Taylor & Francis Journals, vol. 40(6), pages 667-672.
    • Handle: RePEc:taf:applec:v:40:y:2008:i:6:p:667-672
    DOI: 10.1080/00036840600749698
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    References listed on IDEAS

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    1. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
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    1. Nuno Carlos LEITÃO & Muhammad SHAHBAZ, 2012. "Migration and Tourism Demand," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(567)), pages 39-48, February.
    2. Cheng, Ka Ming & Kim, Hyeongwoo & Thompson, Henry, 2009. "The Exchange Rate and US Tourism Balance of Trade," MPRA Paper 18318, University Library of Munich, Germany.
    3. Irandoust, Manuchehr, 2019. "On the relation between exchange rates and tourism demand: A nonlinear and asymmetric analysis," The Journal of Economic Asymmetries, Elsevier, vol. 20(C).
    4. Allen, David & Yap, Ghialy & Shareef, Riaz, 2009. "Modelling interstate tourism demand in Australia: A cointegration approach," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2733-2740.
    5. Duha Altindag, 2014. "Crime and International Tourism," Journal of Labor Research, Springer, vol. 35(1), pages 1-14, March.
    6. Musallam Abedtalas, 2015. "The Determinants of Tourism Demand in Turkey," Journal of Economics and Behavioral Studies, AMH International, vol. 7(4), pages 90-105.
    7. Cheng, Ka Ming & Kim, Hyeongwoo & Thompson, Henry, 2013. "The real exchange rate and the balance of trade in US tourism," International Review of Economics & Finance, Elsevier, vol. 25(C), pages 122-128.
    8. Serdar Ongan & Cem Işik & Dilek Özdemir, 2017. "The Effects of Real Exchange Rates and Income on International Tourism Demand for the USA from Some European Union Countries," Economies, MDPI, vol. 5(4), pages 1-11, December.
    9. Isabella Blengini & Cindy Yoonjoung Heo, 2024. "The role of exchange rate on hotelier’s pricing decision and business performance: the case of Switzerland, a small open economy," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 23(3), pages 206-216, June.
    10. Jean Max Tavares & Nuno Carlos Leitão, 2017. "The determinants of international tourism demand for Brazil," Tourism Economics, , vol. 23(4), pages 834-845, June.
    11. Mehmood, Shafaqat & Ahmad, Zahid & Khan, Ather Azim, 2016. "Dynamic relationships between tourist arrivals, immigrants, and crimes in the United States," Tourism Management, Elsevier, vol. 54(C), pages 383-392.
    12. Gokhan H. Akay & Atilla Cifter & Ozdemir Teke, 2017. "Turkish tourism, exchange rates and income," Tourism Economics, , vol. 23(1), pages 66-77, February.
    13. Azmat Gani & Michael D. Clemes, 2017. "The main determinants effecting international visitor arrivals in New Zealand," Tourism Economics, , vol. 23(5), pages 921-940, August.
    14. Manu Sharma & Geetilaxmi Mohapatra & A. K. Giri, 2022. "Examining the macro-determinants of tourist arrivals in India," SN Business & Economics, Springer, vol. 2(8), pages 1-18, August.
    15. Alan King, 2010. "The Effect Of 9/11 On Us Exports And Imports Of Tourism," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(5-6), pages 535-546.
    16. Ferhat Citak, 2018. "Exchange Rate and Turkish Tourism Trade," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 206-213.
    17. Nuno, Carlos Leitão & Muhammad, Shahbaz, 2011. "Migration and Tourist Flows," MPRA Paper 34905, University Library of Munich, Germany, revised 12 Nov 2011.

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