EXCHANGE RATES AND TOURISM: EVIDENCE FROM THE ISLAND OF GUAM

作者:

Ruane, Maria Claret M.

資料來源:

Journal of Economics & Economic Education Research; 2014, Vol. 15 Issue 2, p165-185, 21p

出版年度:

2014

主題術語:

FOREIGN exchange rates -- Research
TOURISM -- Research
GUAM -- Economic conditions
ECONOMICS -- Study & teaching -- Research
ECONOMICS -- Research

USD/JPY Trend,  Time Period,  exchange rate lag,  OLS-regression, Ordinary Least Squares, 

NAICS/Industry Codes:

541720 Research and Development in the Social Sciences and Humanities

摘要:

Guam is a U.S. territory in the Western Pacific region. It is a small island economy that, like many island economies around the world, lacks diversification and mostly relies on a few economic activities, especially tourism. Worse yet, Guam's tourist markets also lack diversification, with approximately 70% accounted for by tourists from Japan. With the significantly stronger U.S. dollar (USD) and weaker Japanese yen (JPY) since September 2012, the cost to Japanese tourists of visiting Guam had increased by 33%. Given Guam economy's heavy reliance on Japanese tourism, this study aims to use available time series data and Ordinary Least Squares regression models to quantify the effect of the significantly stronger USD/weaker JPY in the past year on the number of Japanese tourists visiting Guam. The results of this study will be useful in formulating economic policies in Guam and also in other economies that are similar to Guam for their use of the USD as their local currency or as a peg to their local currencies as well as their tourist-oriented economies that cater to Japanese tourists. [ABSTRACT FROM AUTHOR]

 

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ISSN:

15333604

入藏號碼:

100277429

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期中報告影片網址: https://youtu.be/BnXmDkk3bwY

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期末報告影片網址: https://www.youtube.com/watch?v=rbWmVnQyzH8

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