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Title:State visits and international trade PDF Logo
Authors:Nitsch, Volker
Issue Date:2005
Series/Report no.:CESifo working papers 1582
Abstract: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 percent, holding other things constant.
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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