NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Fluctuations in Overseas Travel by Americans, 1820 to 2000

Brandon Dupont, Alka Gandhi, Thomas Weiss

NBER Working Paper No. 14847
Issued in April 2009
NBER Program(s):   DAE

There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the pattern of overseas travel in a quantitative way. As we show, despite the impact of a myriad of episodic events, the fluctuations in travel can be explained to a large extent by changes in the direct price of travel, changes in per capita GDP in the U.S., the extent of travel in the preceding year, and by periods of armed conflict in Europe. We attempt to explain some of the remaining variation for specific episodes in which the actual level of travel differed substantially from the predicted.

download in pdf format
   (169 K)

email paper

This paper is available as PDF (169 K) or via email.

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w14847

Users who downloaded this paper also downloaded these:
Dupont, Gandhi, and Weiss w13977 The American Invasion of Europe: The Long Term Rise in Overseas Travel, 1820-2000
Hovhannisyan and Keller w17100 International Business Travel: An Engine of Innovation?
Baldwin and Martin w6904 Two Waves of Globalisation: Superficial Similarities, Fundamental Differences
Wang and Wu A Study of Competitiveness of International Tourism in the Southeast Asian Region
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us