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Trips and trade

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  • Nitsch, Volker

Abstract

Politicians travel a lot, for various reasons. The types of trips to foreign countries range, for instance, from a formal, highly-orchestrated, multi-day visit to brief logistical stop-overs, from the regular exchange of information during official talks in a working environment to ceremonial visits. This chapter reviews selected issues in the analysis of the economic effects of foreign travels by politicians. It starts by highlighting possible differences in the effects dependent on the visitor's official position. Next, it is emphasized that only few travels, dependent on their purpose, may be economically relevant. Finally, issues related to the choice of the travel destination are discussed.

Suggested Citation

  • Nitsch, Volker, 2018. "Trips and trade," Darmstadt Discussion Papers in Economics 230, Darmstadt University of Technology, Department of Law and Economics.
    • Handle: RePEc:zbw:darddp:230
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    References listed on IDEAS

    as
    1. Andrew K. Rose, 2007. "The Foreign Service and Foreign Trade: Embassies as Export Promotion," The World Economy, Wiley Blackwell, vol. 30(1), pages 22-38, January.
    2. Volker Nitsch, 2007. "State Visits and International Trade," The World Economy, Wiley Blackwell, vol. 30(12), pages 1797-1816, December.
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    Cited by:

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    Keywords

    diplomacy; visit; travel; official; host;
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