THE ECONOMICS OF CROSS-BORDER TRAVEL

被引：33
|
作者：
Chandra, Ambarish [1 ]
Head, Keith [2 ,3 ]
Tappata, Mariano [2 ]
机构：
[1] Univ Toronto, Toronto, ON M5S 1A1, Canada
[2] Univ British Columbia, Vancouver, BC V5Z 1M9, Canada
[3] CEPR, Washington, DC USA
来源：
REVIEW OF ECONOMICS AND STATISTICS | 2014年 / 96卷 / 04期
关键词：
PRICES; TRADE;
D O I：
10.1162/REST_a_00404
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We model the decision to travel across an international border as a trade-off between benefits derived from buying a range of products at lower prices and the costs of travel. We estimate the model using microdata on Canada-United States travel. Price differences motivate cross-border travel; a 10% home appreciation raises the propensity to cross by 8% to 26%. The larger elasticity arises when the home currency is strong, a result predicted by the model. Distance to the border strongly inhibits crossings, with an implied cost of 87 cents per mile. Geographic differences can partially explain why American travel is less exchange rate responsive.
引用
收藏
页码：648 / 661
页数：14
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