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To capture the role of politics in tourism, we propose a novel measure to quantify political relations based on text … analysis of published diplomatic statements. We explain how political relations affect outbound tourist flows from China to … Japan and Korea. Estimated on monthly data (1997m1-2018m12), our model shows how China-Japan disputes affect tourist flows …
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Using a gravity-type explanation of international trade flows at the industry level, it is shown that the pattern of comparative advantage in terms of sectoral export/import ratios in bilateral trade can be explained by relative income and relative per capita income. Total income of a country is...
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