INTERNATIONAL TRAVEL ACCOUNT IN BRAZIL’S BALANCE OF PAYMENTS

CONTRIBUTION OF REAL EFFECTIVE EXCHANGE RATE AND INCOME

Abstract

The aim of this paper is to analyze the evolution of the balance of international travel account of the Brazilian balance of payments and assess the contribution of the real exchange rate (price effect) and income in the behavior of this account in the period between 1988 and 2011. For this purpose, we used quarterly data. The results suggest that the increased negativity of the result (revenues minus expenses) of the international travel account in the country is more sensitive to changes in income than to changes in real exchange rate.

Published

2013-04-10

How to Cite

INTERNATIONAL TRAVEL ACCOUNT IN BRAZIL’S BALANCE OF PAYMENTS: CONTRIBUTION OF REAL EFFECTIVE EXCHANGE RATE AND INCOME. (2013). Revista Tempo Do Mundo, 5(1), 89-108. Retrieved from https://www.ipea.gov.br/revistas/index.php/rtm/article/view/66

Issue

Vol. 5 No. 1 (2013)

Section

Artigos

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