Economic Policy Uncertainty and Tourism Nexus Dynamics in the G7 Countries: Further Evidence from the Wavelet Analysis
被引:14
作者:
Wu, Tsung-Pao
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机构:
Beijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R ChinaBeijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
Wu, Tsung-Pao
[1
]
Wu, Hung-Che
论文数: 0引用数: 0
h-index: 0
机构:
Sun Yat Sen Univ, Business Sch, Nanfang Coll, Guangzhou, Peoples R ChinaBeijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
Wu, Hung-Che
[2
]
Wu, Su-Tsung
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h-index: 0
机构:
Sun Yat Sen Univ, Sch Tourism Management, Guangzhou, Peoples R ChinaBeijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
Wu, Su-Tsung
[3
]
Wu, Yu-Yu
论文数: 0引用数: 0
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机构:
Univ Macau, Fac Business Adm, Taipa, Macao, Peoples R ChinaBeijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
Wu, Yu-Yu
[4
]
机构:
[1] Beijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
[2] Sun Yat Sen Univ, Business Sch, Nanfang Coll, Guangzhou, Peoples R China
[3] Sun Yat Sen Univ, Sch Tourism Management, Guangzhou, Peoples R China
[4] Univ Macau, Fac Business Adm, Taipa, Macao, Peoples R China
Tourism activities;
economic policy uncertainty;
wavelet analysis;
time domains;
frequency domains;
DECOMPOSITION;
EXPENDITURE;
COHERENCE;
TRANSFORM;
INDEXES;
CRISIS;
US;
D O I:
10.1080/21568316.2020.1825520
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
This study examines the relationship between economic policy uncertainty (EPU) and tourism activities in the Group of Seven countries. The analysis is conducted using continuous wavelets, wavelet coherency and phase-difference based on Granger causality analysis to investigate the relationship between EPU and tourism. Our analyses indicate that the relationship is generally negative but changes over time, displaying low to high-frequency cycles. Moreover, the timing and frequency changes when EPU co-moves with tourism. The results suggest tourism-economic policy uncertainty led-hypothesis and economic policy uncertainty-tourism led hypothesis with worthy policy implications for tourist destinations across the world.
机构:
Ural Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
Westcliff Univ, Coll Business, Irvine, CA USAUral Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
Akadiri, Seyi Saint
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机构:
Alola, Andrew Adewale
Uzuner, Gizem
论文数: 0引用数: 0
h-index: 0
机构:
Istanbul Gelisim Univ, Fac Econ Adm & Social Sci, Istanbul, Turkey
Eastern Mediterranean Univ, Dept Econ, Fac Business & Econ, Famagusta, TurkeyUral Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
机构:
Univ Algarve, Fac Econ, Faro, Portugal
CEFAGE, Faro, PortugalUniv Algarve, Fac Econ, Faro, Portugal
Andraz, Jorge M.
Rodrigues, Paulo M. M.
论文数: 0引用数: 0
h-index: 0
机构:
Univ Nova Lisboa, Banco Portugal, P-1200 Lisbon, Portugal
Univ Nova Lisboa, NOVA Sch Business & Econ, P-1200 Lisbon, PortugalUniv Algarve, Fac Econ, Faro, Portugal
机构:
Ural Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
Westcliff Univ, Coll Business, Irvine, CA USAUral Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
Akadiri, Seyi Saint
论文数: 引用数:
h-index:
机构:
Alola, Andrew Adewale
Uzuner, Gizem
论文数: 0引用数: 0
h-index: 0
机构:
Istanbul Gelisim Univ, Fac Econ Adm & Social Sci, Istanbul, Turkey
Eastern Mediterranean Univ, Dept Econ, Fac Business & Econ, Famagusta, TurkeyUral Fed Univ, Grad Sch Econ & Management, Int Econ & Management Dept, Ekaterinburg, Russia
机构:
Univ Algarve, Fac Econ, Faro, Portugal
CEFAGE, Faro, PortugalUniv Algarve, Fac Econ, Faro, Portugal
Andraz, Jorge M.
Rodrigues, Paulo M. M.
论文数: 0引用数: 0
h-index: 0
机构:
Univ Nova Lisboa, Banco Portugal, P-1200 Lisbon, Portugal
Univ Nova Lisboa, NOVA Sch Business & Econ, P-1200 Lisbon, PortugalUniv Algarve, Fac Econ, Faro, Portugal