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

Author

Listed:
  • Guillaume Chevillon
  • Xavier Timbeau

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. JEL Codes: F14, F31.

Suggested Citation

  • Guillaume Chevillon & Xavier Timbeau, 2006. "L'impact du taux de change sur le tourisme en France," Revue de l'OFCE, Presses de Sciences-Po, vol. 98(3), pages 167-181.
  • Handle: RePEc:cai:reofsp:reof_098_0167
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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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