IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/16053_6.html

Trips and trade

In: Research Handbook on Economic Diplomacy

Author

Listed:
  • Volker Nitsch

Abstract

Politicians travel abroad a lot, for various reasons. Despite technological advances (allowing for communication close to face-to-face interaction), travel activities by politicians have increased over the last few decades. The types of their trips range from formal, multi-day visits to brief logistical stop-overs, from the regular exchange of information in working meetings to ceremonial visits. Diplomatic activities are costly involving money, time and effort. As a result, and also due to a gradual shift of focus in diplomacy towards economic issues, a growing literature aims to quantify the economic benefits of such activities. The author reviews selected issues in the analysis of the economic effects of foreign travels by politicians. After highlighting possible differences in the effects dependent on the visitor’s official position, he emphasizes that only few travels, dependent on their purpose, may be economically relevant. Possible endogeneity in the choice of travel destinations is a key difficulty for identification.

Suggested Citation

  • Volker Nitsch, 2018. "Trips and trade," Chapters, in: Research Handbook on Economic Diplomacy, chapter 6, pages 87-93, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16053_6
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781784710835/9781784710835.00011.xml
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Emmanuelle Lavallée & Julie Lochard, 2022. "International trade and face-to-face diplomacy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(4), pages 987-1010, November.

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:16053_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.