Causality between Economic Policy Uncertainty and Tourism Using Three-dimensional Wavelet-based Approaches

被引：10
|
作者：
Wu, Tsung-Pao [1 ]
Wu, Hung-Che [2 ]
Wu, Yu-Yu [3 ]
Wu, Su-Tsung [4 ]
Liao, Shu-Yen [5 ]
机构：
[1] Beijing Inst Technol, Sch Accounting & Finance, Zhuhai, Guangdong, Peoples R China
[2] Sun Yat Sen Univ, Business Sch, Nanfang Coll, Guangzhou 510970, Guangdong, Peoples R China
[3] Univ Macau, Fac Business Adm, Macau, Peoples R China
[4] Sun Yat Sen Univ, Sch Tourism Management, Guangzhou, Guangdong, Peoples R China
[5] Tsinghua Univ, Sch Econ & Management, Beijing, Peoples R China
来源：
JOURNAL OF CHINA TOURISM RESEARCH | 2022年 / 18卷 / 02期
关键词：
BRIC tourism activities; economic policy uncertainty; three-dimensional wavelet analysis; time domains; frequency domains; STOCK-MARKET RETURNS; CRISIS; PRICE;
D O I：
10.1080/19388160.2020.1834482
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study provides new insights into the relationship between economic policy uncertainty (EPU) and tourism activities in the BRIC (Brazil, Russia, India, and China) countries. We used continuous three-dimensional wavelets based on Granger causality analysis to investigate the relationship between EPU and tourism using the annual data. The finding shows that the relationships between the variables evolve through time and frequencies. We uncover significant wavelet coherence and strong lead-lag relationships changing over time, displaying low- to high-frequency cycles over the whole sample period.
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页码：316 / 326
页数：11
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