سال انتشار:
2021
عنوان انگلیسی مقاله:
Has tourism influenced Indonesia’s current account?
ترجمه فارسی عنوان مقاله:
آیا گردشگری بر حساب جاری اندونزی تأثیر گذاشته است؟
منبع:
ScienceDirect- Elsevier- Economic Analysis and Policy, 69 (2021) 225-237: doi:10:1016/j:eap:2020:12:009
نویسنده:
None
چکیده انگلیسی:
In this paper we study the role of tourism in explaining Indonesia’s current account balance. We extend the conventional model of current account determinants by augmenting
it with tourism (visitor arrivals) and expected and unexpected tourism shocks, where
tourism shocks are akin to income shocks. We show that expected and unexpected
positive tourism shocks improve Indonesia’s current account balance, particularly in the
most recent period (2010Q1–2017Q4). Equally importantly, our empirical investigation
shows that the current account reacts asymmetrically to positive tourism shocks. In
other words, expected tourism shocks worsen the current account when it is already in
deficit and improve it when it is in surplus. Finally, we show that an unexpected tourism
shock improves the account balance, regardless of whether the account is in deficit or
surplus.
keywords: حساب جاری | بازدید کنندگان بازدید کننده | شوک | اندونزی | Current account | Visitor arrivals | Shocks | Indonesia
قیمت: رایگان
توضیحات اضافی:
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