NDLI: Impact of Exchange Rate Changes on Asian Tourism Consumption: New Evidence from a Panel Smooth Transition Model

Content Provider	IEEE Xplore Digital Library
Author	Hui-Cheng Wang Chun-Yuan Ye Hsiao-I Kuo Tsorng-Chyi Hwang
Copyright Year	2009
Abstract	Growing Asian international tourism has been significant and helpful for economic improvement inthe 21st century. It is argued that the decision regarding destination choice for international tourists would be influenced by the exchange rates among origin and destination countries over time. This paper applies the panel smooth transition regression (PSTR) model to examine the asymmetric effects of exchange rate on international tourism consumption in eight Asian countries by using monthly data over the period of January 2001- July 2007. Empirical results have shown dynamic nature of log-difference exchange rate on log-difference of international tourism. There are growth rate adjustments of international tourist arrivals to exchange rate growth within 0.35%~0.64%. Currency of destination country appreciated relatively to currency of origin country is harmful to the international tourism business in destination countryand vice versa.
Starting Page	495
Ending Page	498
File Size	289888
Page Count	4
File Format	PDF
ISBN	9780769535074
DOI	10.1109/CSIE.2009.499
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-03-31
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Computer science Chaos Exchange rates International trade Data analysis Technology management Industrial economics Senior citizens Time series analysis Panel smooth transition model Information analysis International Tourism consumption
Content Type	Text
Resource Type	Article

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