Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 赵志鉅教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1468-0106.2012.00587.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/1WOS source URL
其它资讯
摘要Using a dynamic model of an open monetary economy, this paper examines the effects of tourism-related anticipated shocks on goods prices and foreign exchange reserves. Foreign tourists consume mainly non-traded goods in holiday destinations, converting them into exportable goods. This gives rise to a tourism terms-of-trade effect that affects the accumulation of foreign exchange. Announcements of anticipated events bring tourist visits forward, resulting in an initial under-adjustment or an over-adjustment in the prices of the non-traded goods when the tourism terms-of-trade effect is positive or negative. This leads to an increase or a decrease in foreign reserves in the long run.
着者Chao CC, Hu SW, Lu LJ
期刊名称Pacific Economic Review
出版年份20http://aims.cuhk.edu.hk/converis/portal/Publication/12
月份8
日期http://aims.cuhk.edu.hk/converis/portal/Publication/1
卷号http://aims.cuhk.edu.hk/converis/portal/Publication/17
期次3
出版社Wiley: 24 months
页次355 - 365
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/136http://aims.cuhk.edu.hk/converis/portal/Publication/1-374X
电子国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/1468-0http://aims.cuhk.edu.hk/converis/portal/Publication/106
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
