The long-run impact of exchange rate regimes on international tourism flows

Glauco De Vita

doi:10.1016/j.tourman.2014.05.001

The long-run impact of exchange rate regimes on international tourism flows

Glauco De Vita

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Abstract

Notwithstanding the systematic inclusion of an exchange rate variable of some form in studies examining international tourism flows, hardly any research has been carried out to test for a possible exchange rate regime effect. Drawing from recent advances in exchange rate regime classifications, this paper begins to fill this gap by investigating the impact of exchange rate regimes on international tourism flows. The study employs a system generalized methods of moments (SYS-GMM) estimation for tourist arrivals on a panel of 27 Organization for Economic Co-operation and Development (OECD) and non OECD countries for the period 1980–2011. The results identify multiple exchange rate regime effects and support the importance of maintaining a relatively stable exchange rate to attract international tourist arrivals.

Original language	English
Pages (from-to)	226–233
Journal	Tourism Management
Volume	45
Early online date	25 May 2014
DOIs	https://doi.org/10.1016/j.tourman.2014.05.001
Publication status	Published - Dec 2014

Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Tourism Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Tourism Management, [Vol: 45 (2014)] DOI: 10.1016/j.tourman.2014.05.001 .
© 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0

Keywords

Exchange rate regimes
Tourism flows

Access to Document

10.1016/j.tourman.2014.05.001

Tourism ManagementAccepted author manuscript, 255 KBLicence: CC BY-NC-ND

Glauco De Vita
- Research Centre for Business in Society - Professor in Business and Management
Person: Teaching and Research

Cite this

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title = "The long-run impact of exchange rate regimes on international tourism flows",

abstract = "Notwithstanding the systematic inclusion of an exchange rate variable of some form in studies examining international tourism flows, hardly any research has been carried out to test for a possible exchange rate regime effect. Drawing from recent advances in exchange rate regime classifications, this paper begins to fill this gap by investigating the impact of exchange rate regimes on international tourism flows. The study employs a system generalized methods of moments (SYS-GMM) estimation for tourist arrivals on a panel of 27 Organization for Economic Co-operation and Development (OECD) and non OECD countries for the period 1980–2011. The results identify multiple exchange rate regime effects and support the importance of maintaining a relatively stable exchange rate to attract international tourist arrivals.",

keywords = "Exchange rate regimes, Tourism flows",

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note = "NOTICE: this is the author{\textquoteright}s version of a work that was accepted for publication in Tourism Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Tourism Management, [Vol: 45 (2014)] DOI: 10.1016/j.tourman.2014.05.001 . {\textcopyright} 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0",

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doi = "10.1016/j.tourman.2014.05.001",

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AU - De Vita, Glauco

N1 - NOTICE: this is the author’s version of a work that was accepted for publication in Tourism Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Tourism Management, [Vol: 45 (2014)] DOI: 10.1016/j.tourman.2014.05.001 . © 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0

PY - 2014/12

Y1 - 2014/12

N2 - Notwithstanding the systematic inclusion of an exchange rate variable of some form in studies examining international tourism flows, hardly any research has been carried out to test for a possible exchange rate regime effect. Drawing from recent advances in exchange rate regime classifications, this paper begins to fill this gap by investigating the impact of exchange rate regimes on international tourism flows. The study employs a system generalized methods of moments (SYS-GMM) estimation for tourist arrivals on a panel of 27 Organization for Economic Co-operation and Development (OECD) and non OECD countries for the period 1980–2011. The results identify multiple exchange rate regime effects and support the importance of maintaining a relatively stable exchange rate to attract international tourist arrivals.

AB - Notwithstanding the systematic inclusion of an exchange rate variable of some form in studies examining international tourism flows, hardly any research has been carried out to test for a possible exchange rate regime effect. Drawing from recent advances in exchange rate regime classifications, this paper begins to fill this gap by investigating the impact of exchange rate regimes on international tourism flows. The study employs a system generalized methods of moments (SYS-GMM) estimation for tourist arrivals on a panel of 27 Organization for Economic Co-operation and Development (OECD) and non OECD countries for the period 1980–2011. The results identify multiple exchange rate regime effects and support the importance of maintaining a relatively stable exchange rate to attract international tourist arrivals.

KW - Exchange rate regimes

KW - Tourism flows

U2 - 10.1016/j.tourman.2014.05.001

DO - 10.1016/j.tourman.2014.05.001

M3 - Article

SN - 0261-5177

SN - 1879-3193

VL - 45

SP - 226

EP - 233

JO - Tourism Management

JF - Tourism Management

ER -

The long-run impact of exchange rate regimes on international tourism flows

Abstract

Bibliographical note

Keywords

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Glauco De Vita

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