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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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    Citations

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    Cited by:

    1. Nuno Carlos LEITÃO & Muhammad SHAHBAZ, 2012. "Migration and Tourism Demand," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, 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. Duha Altindag, 2014. "Crime and International Tourism," Journal of Labor Research, Springer, vol. 35(1), pages 1-14, March.
    4. repec:eee:touman:v:54:y:2016:i:c:p:383-392 is not listed on IDEAS
    5. Nuno, Carlos Leitão & Muhammad, Shahbaz, 2011. "Migration and Tourist Flows," MPRA Paper 34905, University Library of Munich, Germany, revised 12 Nov 2011.
    6. repec:gam:jecomi:v:5:y:2017:i:4:p:51-:d:123300 is not listed on IDEAS

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