우리나라 외환위기 이후 미․중․일의 여행수입 및 지출의 구조적 변화

Structural Change of Balance of Travel After the Currency Crisis in Korea

This study analyzed the change of incomes and expenditures in overseas travel after the 1997 foreign exchange crisis in Korea through the analysis of the changes in the trend of travel balance and its ratio to the current account balance of international payments after the deregulation of overseas travel. The analysis included the foreign exchange movement, GDP, and fluctuation of prices as independent variables. The results of the analysis using Johnson’s model revealed that travel balance was sharply influenced by the foreign exchange movement. In particular, the structural change of travel balance was observed to occur following the change of the foreign exchange policy after the IMF bailout.