Economic Policy Uncertainty, COVID-19, and Tourist Stays in Croatia: Evidence from a Fourier Toda-Yamamoto Modeling Approach

被引:2
作者
Payne, James E. [1 ,5 ]
Nazlioglu, Saban [2 ]
Mervar, Andrea [3 ]
Niroomand, Farhang [4 ]
机构
[1] Univ Texas El Paso, Coll Business Adm, Int Business, El Paso, TX USA
[2] Pamukkale Univ, Dept Int Trade & Finance, Denizli, Turkiye
[3] Inst Econ, Zagreb, Croatia
[4] Univ Houston Victoria, Coll Business, Victoria, TX USA
[5] Univ Texas El Paso, Coll Business Adm, Int Business, 500 W Univ Ave, El Paso, TX 79968 USA
关键词
Tourist overnight stays; economic policy uncertainty; tourism demand; Fourier Toda-Yamamoto; Croatia; STOCK RETURNS; OIL PRICES; CAUSALITY; STATIONARITY; IMPACT; TESTS; SHOCKS; TRAVEL;
D O I
10.1080/08853908.2022.2134233
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study extends the literature with respect to economic policy uncertainty measures and tourism flows to Croatia through the use of the Toda and Yamamoto modeling approach with a Fourier approximation to capture structural breaks. The results show that domestic economic policy uncertainty does not have a significant impact on tourist overnight stays. However, an increase in European economic policy uncertainty reduces total and domestic tourist overnight stays. An increase in COVID-19 cases has a negative and significant impact on total, domestic, and foreign tourist overnight stays, and contributes to increases in both Croatian and European economic policy uncertainty.
引用
收藏
页码:7 / 26
页数:20
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