The Exchange Rate and US Tourism Trade, 1973–2007

Cheng, Ka Ming; Kim, Hyeongwoo; Thompson, Henry

doi:10.5367/te.2013.0227

Cited by 20 publications

(11 citation statements)

References 30 publications

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“…Vogt () conducted a research on determinants of tourism demand in United States and concluded that inbound tourist arrivals are greatly influenced by exchange rate volatilities along with real income. Cheng, Kim, and Thompson () has also reached same conclusion for U.S. tourism demand finding that inbound tourist arrivals are extremely sensitive to exchange rate fluctuations. Thompson and Thompson () have conducted research to find out impact of exchange rate regimes on tourism demand in Greece during the years 1976–2006 and reached the conclusion that introduction of the euro had a large positive impact on Greek tourism sector.…”

Section: Literature Reviewmentioning

confidence: 54%

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

Karimi

Khan

Karamelikli

2018

Journal of Tourism Research

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Present research is sought to analyse asymmetrical effects of exchange rates and income of tourists on tourist arrivals in Malaysia. A non-linear model has been formulated to examine symmetrical and asymmetrical effects of exchange rate quarterly data from year 2000 to 2017. Results have revealed that both depreciation and appreciation of domestic currency value lead to a decrease in number of inbound tourist arrivals at long run. Moreover, it is found that price rigidity in Malaysian tourism sector may influence decision of tourists to select alternative destination. Besides, reduction in the real-effective exchange rate does not have adverse effect in the long run.

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Section: Literature Reviewmentioning

confidence: 54%

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

Karimi

Khan

Karamelikli

2018

Journal of Tourism Research

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“…The results indicated that foreign tourists were more sensitive to a change in real income than US tourists. Cheng et al (2013) examined the dynamic relationship between the exchange rates and US tourism balance of trade. They found evidence that the US dollar depreciation increased US export revenue in the long run though it did not have a significant impact on import spending.…”

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confidence: 99%

Dynamic Impacts of Income and the Exchange Rate on US Tourism, 1960–2011

Chi

2015

Tourism Economics

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This paper examines the short-run and long-run impacts of income and exchange rates on US exports and imports of tourism to improve understanding of the dynamic determinants of the US tourism trade balance. Using the bounds testing to cointegration procedure and data for the period 1960–2011, the paper finds that in the long run both US exports and imports of tourism are highly responsive to changes in real income, implying that the relative growth of foreign to domestic income is the key determinant of the US tourism trade balance. The real exchange rate is found to be a significant long-run factor affecting that balance. This finding indicates that an appreciation (depreciation) of US dollars deteriorates (improves) the US tourism trade balance. In the short run, income tends to have a significant impact on US exports and imports of tourism.

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“…Diagram (5) shows the response of tourism balance of the payment function of Bulgaria to exchange rate volatility. Exchange rate increase up to the 4 th period worsened tourism balance of payment, and after the 4 th period, it improved tourism balance of payment, and after the 9 th period on, it increased tourism incomes in Bulgaria.…”

Section: Model Estimation and Resultsmentioning

confidence: 99%

Study of Impact of Exchange Rate on Tourism Balance of Payment in Countries With Top Tourist Attractions (Vector Error Correction Approach)

Lamsso

Masoomzadeh

2017

ijthr

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Exchange rate affects all economic aspects, including tourism balance of payment. The increase of exchange rate first worsens tourism balance of payments, then, after some period improves it. This path is called J-Curve. This article focuses on the impact of exchange rate on the balance of payment in selected countries of the premier tourist attractions in two groups of countries; countries with high and lower-middle per capita income in the period of 1995-2013 with VAR approach.The results show that there has been a J-curve in Sweden, South Africa, Bulgaria, Iran, and Egypt. However, that in other countries had not been approved. Also, variance decomposition of this in the countries studied shows that it was different from one country to another.

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The Exchange Rate and US Tourism Trade, 1973–2007

Cited by 20 publications

References 30 publications

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

Dynamic Impacts of Income and the Exchange Rate on US Tourism, 1960–2011

Study of Impact of Exchange Rate on Tourism Balance of Payment in Countries With Top Tourist Attractions (Vector Error Correction Approach)

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