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43i Chapter 2 Basic Concepts and Characteristics of Foreign
Some Evidence on the Determinants of Demand
BalanceofPayments Costs of Foreign Travel
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achieved aggregate air transportation airlines Alitalia alternative average balance-of-payments Canada Canadian Canadian dollar capacity capital commodity comparative advantage competing competitive debits deficit deflation developing nations differentiation dollar economic effect estimates Europe expected expenditures abroad exporting nation f.o.b. prices factors of production fifth freedom traffic flag airlines flag carriers flights foreign travel expenditures imports f.o.b. imports on travel income elasticity increase international air international trade leakage marginal propensity market shares measure million operating overseas passenger transportation percent port expenditures possible potential problems producer's surplus profits propensity to import quasiadjustment rate of exchange rate of growth receipts reflection ratios relative residence industry resorts restrictions revenues routes schedule Straszheim subsidy sunlust travel taxation tourist originating transportation account transportation costs travel account travel imports travel industry travel services United Kingdom United States dollar United States flag United States residents variables variation visitors wanderlust