Structural breaks in Brazilian tourism revenues: Unveiling the impact of exchange rates and sports mega-events

摘要

This paper analyzes the structural pattern of Brazilian monthly tourism revenue over the course of 20 years. This research contributes to the literature on the benefits of sports mega-events by showing that in developing countries the benefits derived from them may be jeopardized by economic structural problems reflected in currency fluctuation. Policy implications in terms of a specific tourism exchange rate for developing countries that host mega sport events are derived.