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- W342313341 abstract "The world´s total expenditures regarding leisure travelling and related expenditurescorresponded to approximately 3000 billions USD in 2010. This substantial value makes thetravelling industry and related markets important in an economic aspect. Data posted by theWTO states that between the years of 1995-2005 the world’s amount of tourism arrivalsincreased by approximately 50 %, and additionally UNWTO predicts that this progression islikely to continue.This implies that there are good reasons to analyse the economic impacts of travellingin a global context.This thesis aims to uncover if international travelling fosters international trade byanalysing if the amount of tourism arrivals in a country has a positive effect on the country´svalue of exports going to the EU15 countries. The time period covered is the years between1995-2011.Previous research shows that the causality running from travelling to trade could beone or two-way, which means that our regression models are likely subjected tocomplications related to endogeneity. We attempt to solve this by using two differentvariables in order to capture travelling frequency. First we regress with respect to the amountof tourism arrivals, and additionally with respect to an instrumental variable consisting of theamount of World Heritage Sites. Our results show that the amount of tourism arrivals has apositive effect of the value of bilateral trade, while the instrumental variable does not have asignificant effect." @default.
- W342313341 created "2016-06-24" @default.
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- W342313341 date "2014-01-01" @default.
- W342313341 modified "2023-09-26" @default.
- W342313341 title "Does travelling foster international trade" @default.
- W342313341 hasPublicationYear "2014" @default.
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