Determinants of the demand for US exports and imports of tourism
- 1 March 2008
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 40 (6) , 667-672
- https://doi.org/10.1080/00036840600749698
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.Keywords
This publication has 1 reference indexed in Scilit: