Department of Economics
University of Maryland
College Park, MD 20742
NBER Working Papers and Publications
|April 2009||Fluctuations in Overseas Travel by Americans, 1820 to 2000|
with Brandon Dupont, Thomas Weiss: w14847
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.
|May 2008||The American Invasion of Europe: The Long Term Rise in Overseas Travel, 1820-2000|
with Brandon Dupont, Thomas J. Weiss: w13977
Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also of substantial economic importance in the United States, sufficient to warrant the Bureau of Economic Analysis's establishing special accounts on travel and tourism. In this paper we investigate the long term rise in overseas travel by Americans. Over the course of the nineteenth and twentieth centuries the number of Americans going abroad rose from less than 2,000 travelers to over 26 million. The industry went from one confined to the elite of American society to what some have described as mass tourism. We document this rise by compiling a long term series on overseas travel, and describe the changes in the composition of the travelers, their destinations, and their...
Published: The long-term rise in overseas travel by Americans, 1820–20001 BRANDON DUPONT1, ALKA GANDHI2, THOMAS WEISS3,‡ Article first published online: 6 JUN 2011 DOI: 10.1111/j.1468-0289.2011.00610.x © Economic History Society 2011 Issue The Economic History Review The Economic History Review Volume 65, Issue 1, pages 144–167, February 2012