Resumen de Research note:"International travel: the relationship between exchange rate, world GDP, revenues and the number of travellers to Brazil%
This paper analyses the behaviour of foreign travellers to Brazil and the revenues thus generated in the balance of payments, using annual data from 1970 to 2007 and quarterly data from 1989 to 2007. The author concludes that the number of travellers is quite sensitive to world income and less sensitive to the exchange rate. Revenues do not react to the exchange rate. Exchange rate has an influence on revenues with a lag of four quarters. These results may mean that the expenditures of foreign travellers are not influenced by their costs measured in the currency of the country of origin.
