State Visits and International Trade
By Volker Nitsch. Social Science Research Network, 2007
261 citations recorded by the source corpus.
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of France, Germany and the United States between 1948 and 2003. My results indicate that state and official visits are indeed positively correlated with exports. A typical visit is associated with higher bilateral exports by about 8 to 10 per cent, holding other things constant.
Subfields: Development, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/b9701d15fbfe9c99f0ebf15591faac05683dfc3d
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Citations in the corpus
- The impact of economic sanctions on international trade: How do threatened sanctions compare with imposed sanctions? (2019, background): “International political economy emphasizes the importance of political/diplomatic relations in the determination of trade ows among states (see for example, Fuchs and Klann (2013); Heilmann (2016); Morrow et al. (1998); Nitsch (2007); Rose (2007)).”
- Political Risk and Export Promotion: Evidence from Germany (2008, unknown): “7Recent empirical studies dealing with alternative means to promote exports are provided by Rose (2005), Nitsch (2005) and Gil-Pareja et al. (2005), who focus on the impact of embassies, state visits and regional trade agencies on foreign trade.”
- Paying a visit: The Dalai Lama effect on international trade (2010, background): “Most relevant to our study, Nitsch (2007) finds empirical evidence that state and official visits have a trade-increasing effect.”