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Research Note: International Travel: The Relationship between Exchange Rate, World GDP, Revenues and the Number of Travellers to Brazil

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  • Roberto Meurer

Abstract

This paper analyses the behaviour of foreign travellers to Brazil and the revenues thus generated in the balance of payments, using annual data from 1970 to 2007 and quarterly data from 1989 to 2007. The author concludes that the number of travellers is quite sensitive to world income and less sensitive to the exchange rate. Revenues do not react to the exchange rate. Exchange rate has an influence on revenues with a lag of four quarters. These results may mean that the expenditures of foreign travellers are not influenced by their costs measured in the currency of the country of origin.

Suggested Citation

  • Roberto Meurer, 2010. "Research Note: International Travel: The Relationship between Exchange Rate, World GDP, Revenues and the Number of Travellers to Brazil," Tourism Economics, , vol. 16(4), pages 1065-1072, December.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:4:p:1065-1072
    DOI: 10.5367/te.2010.0011
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    References listed on IDEAS

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    1. MacKinnon, James G & Haug, Alfred A & Michelis, Leo, 1999. "Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(5), pages 563-577, Sept.-Oct.
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    Cited by:

    1. Roberto Meurer & Hoyêdo Nunes Lins, 2018. "The effects of the 2014 World Cup and the 2016 Olympic Games on Brazilian international travel receipts," Tourism Economics, , vol. 24(4), pages 486-491, June.
    2. Martin Falk & Markku Vieru, 2017. "Impact of rouble’s depreciation on Russian overnight stays in Finnish regions and cities," Tourism Economics, , vol. 23(4), pages 854-866, June.
    3. Peter Wanke & Otávio Henrique dos Santos Figueiredo & Jorge Junio Moreira Antunes, 2019. "Unveiling endogeneity and temporal dependence between tourism revenues/expenditures and macroeconomic variables in Brazil: A stochastic hidden Markov model approach," Tourism Economics, , vol. 25(1), pages 3-21, February.

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