Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing

Ding, Ding; Timmer, Yannick

doi:10.5089/9781616358563.001

Cited by 2 publications

(2 citation statements)

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“…The opportunity to increase the number of visitors needs to be addressed by Indonesia considering the tourism prospects, especially in ASEAN projected to grow to 10.3 percent in 2030. [4] Depreciation of the exchange rate of the domestic currency on USD dollar is a driving factor for foreign tourist arrivals as a result of declining tourism prices [5], [6]. From 1990 to 2022, the depreciation of Rupiah exchange rate on USD achieves 14.08 percent per year.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Exchange Rate and Crisis on the Number of Tourist Visits in Indonesia

Millia,

Balaka,

Saidi

et al. 2023

Proceedings of the Regional Seminar on Community Issues, SSIK 2023, 20 September 2023, Kendari, Province of Sulawesi Tenggara,

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Foreign exchange is a transaction tool in an international market. Therefore, changes in domestic currency exchange rates on foreign currencies will affect macroeconomic variables. Besides, a crisis that occurs will also have an impact on the economy, especially the tourism sector. This study aims to examine the effect of the Rupiah exchange rate on the USD Dollar and the crisis on the number of tourists visits Indonesia. The data used to test this effect were annual time series data from 1990-2022. The results of data analysis using Autoregressive distributed lag (ARDL) model show that there is a long-term effect of exchange rates and crises on the number of tourists. Furthermore, the crisis has a short-term effect on the number of tourists.

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Section: Introductionmentioning

confidence: 99%

The Effect of Exchange Rate and Crisis on the Number of Tourist Visits in Indonesia

Millia,

Balaka,

Saidi

et al. 2023

Proceedings of the Regional Seminar on Community Issues, SSIK 2023, 20 September 2023, Kendari, Province of Sulawesi Tenggara,

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“…Most studies have examined the impact of inbound demand on economic growth (i.e., an increase in GDP per capita), but recent studies have explicitly analyzed the impact of GDP per capita on inbound demand. For instance, Ding and Timmer (2022) included the same variable as a control variable but did not provide explicit coefficient values.…”

mentioning

confidence: 99%

Individual tourist expenditures in Japan during the inbound tourism boom period (2015–2017): Empirical evidence from micro survey data

Matsubayashi,

Inada

2023

Asian Economic Journal

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This study empirically examines the characteristics of demand generated by inbound tourism (inbound demand) in Japan in the 2010s using individual data from the Consumption Trend Survey for Foreigners Visiting Japan. This is the first study to investigate the detailed characteristics of inbound consumption during Japan's inbound boom period using individual micro survey data. One of the main findings is that household income and the exchange rate significantly affect inbound demand. This is especially true for inbound demand by visitors from Asian countries, whose main purpose for visiting Japan is shopping. Another main finding is that visa relaxation effectively increases the number of tourists from China. The third finding is that the payment environment in Japan, including the use of credit cards, has a significant impact on inbound demand. These findings provide an in‐depth insight into inbound demand as a potential engine for future economic growth in Japan.

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Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing

Cited by 2 publications

References 13 publications

The Effect of Exchange Rate and Crisis on the Number of Tourist Visits in Indonesia

The Effect of Exchange Rate and Crisis on the Number of Tourist Visits in Indonesia

Individual tourist expenditures in Japan during the inbound tourism boom period (2015–2017): Empirical evidence from micro survey data

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