@article{e3b65c4df2834be1ab81bf31ea3dd7a8,
title = "Political conflict and angry consumers: Evaluating the regional impacts of a consumer boycott on travel services trade",
abstract = "Political conflict between nations sometimes leads to consumer boycotts. We examine the regional impacts of bilateral boycott activity by investigating the 2019 Korean consumer boycott of travel to Japan. Employing triple- and double-differences designs, we find that the impact of the boycott is large and regionally heterogeneous. Japanese prefectures with high (i.e., 75th percentile) pre-boycott dependency on visitors from Korea suffer bilateral export losses of 56.9 to 60.9 percent and aggregate export losses of 10.5 to 13.3 percent. Prefectures with low (i.e., 25th percentile) Korea dependency experience bilateral losses of 47.8 to 49.7 percent and aggregate losses of 3.3 to 4.2 percent.",
keywords = "Consumer boycott, Local market, Political conflict, Regional impact, Travel services trade",
author = "Ahn, {Jae Bin} and Greaney, {Theresa M.} and Kozo Kiyota",
note = "Funding Information: The authors thank Jaerim Choi, Kilian Heilmann, Hiro Ishise, John McLaren, Hisahiro Naito, Hwaji Shin and Kiyoyasu Tanaka for discussions and feedback on this topic. They also thank seminar participants at the Asia Pacific Institute of Research, Japanese Economic Association, Keio University, Kobe University, University of Hawai{\textquoteleft}i, University of North Dakota and University of Tsukuba for helpful comments. Kozo Kiyota gratefully acknowledges the financial support of the Japan Society for the Promotion of Science (JSPS) Grants-in-Aid (JP18H03637, JP18KK0348, JP19H00598). The usual disclaimers apply. Funding Information: The authors thank Jaerim Choi, Kilian Heilmann, Hiro Ishise, John McLaren, Hisahiro Naito, Hwaji Shin and Kiyoyasu Tanaka for discussions and feedback on this topic. They also thank seminar participants at the Asia Pacific Institute of Research, Japanese Economic Association, Keio University, Kobe University, University of Hawai{\textquoteleft}i, University of North Dakota and University of Tsukuba for helpful comments. Kozo Kiyota gratefully acknowledges the financial support of the Japan Society for the Promotion of Science (JSPS) Grants-in-Aid ( JP18H03637 , JP18KK0348 , JP19H00598 ). The usual disclaimers apply. Publisher Copyright: {\textcopyright} 2022",
year = "2022",
month = sep,
doi = "10.1016/j.jjie.2022.101216",
language = "English",
volume = "65",
journal = "Journal of the Japanese and International Economies",
issn = "0889-1583",
publisher = "Academic Press Inc.",
}