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The Influence of Information Technologies and International Tourism on Trade

Author

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  • Canh Phuc Nguyen

    (School of Public Finance, College of Economics, Law and Government, University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh city (700000), Vietnam. Health and Agricultural Policy Research Institute, College of Economics, Law and Government, University of Economics Ho Chi Minh City, 279 Nguyen Tri Phuong, District 10, Ho Chi Minh city (700000), Vietnam. Corresponding author.)

  • Binh Quang Nguyen

    (University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh city (700000), Vietnam, Email:)

  • Duyen Thuy Le Tran

    (University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh city (700000), Vietnam)

Abstract

This study investigates the influence of international tourism on trade activities in the context of the information technology age. In particular, the effects of international (arrival) and outbound tourists on trade, exports, imports, and sub-sectors (goods, manufacturing, merchandise, and total goods and services) and, notably, the catalytic role of the Internet (and mobile usage) are analysed. The study applies a robust twostep system generalized method of moments (GMM) estimate for panel data on 81 economies from 2002 to 2017 show interesting findings. First, the positive effects of international tourism on trade activities are reaffirmed. Second, the development of information technology appears to reduce these positive effects. The results may imply that information technology changes the demand components in international travel: decrease in business trips and increase in non-business trips consistent with the reduction in communication and transaction costs.

Suggested Citation

  • Canh Phuc Nguyen & Binh Quang Nguyen & Duyen Thuy Le Tran, 2023. "The Influence of Information Technologies and International Tourism on Trade," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 83-100, October.
    • Handle: RePEc:rjr:romjef:v::y:2023:i:3:p:83-100
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    References listed on IDEAS

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    1. N. Kulendran & Kenneth Wilson, 2000. "Is there a relationship between international trade and international travel?," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages 1001-1009.
    2. Anderson, T. W. & Hsiao, Cheng, 1982. "Formulation and estimation of dynamic models using panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 47-82, January.
    3. Marrocu, Emanuela & Paci, Raffaele, 2011. "They arrive with new information. Tourism flows and production efficiency in the European regions," Tourism Management, Elsevier, vol. 32(4), pages 750-758.
    4. Mehdi Ben Jebli & Slim Ben Youssef & Nicholas Apergis, 2019. "The dynamic linkage between renewable energy, tourism, CO2 emissions, economic growth, foreign direct investment, and trade," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-19, December.
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    More about this item

    Keywords

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    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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