COVID-19 and volatility in the tourism sector's stocks

被引：0

作者：

Khanna, Rupika ^{[1
]}

Sharma, Chandan ^{[2
]}

机构：

[1] Indian Inst Management Rohtak, Rohtak, India

[2] Indian Inst Management Lucknow, Lucknow, India

来源：

ECONOMICS BULLETIN | 2022年 / 42卷 / 04期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines effects of COVID-19 on volatility of hospitality sector stocks in United States. Using a daily dataset, our analysis offers a comparative picture of the sub-sectors, viz. airline, gambling, hotel, restaurant and travel. We use three crucial measures of intensity of pandemic and related stringencies in our analysis. For estimation, we utilize GARCH based models and measured symmetric as well as asymmetric effects. Our findings show for a sizable effect of the COVID-19 outbreak on the volatility of hospitality stocks. Specifically, our results demonstrate that highest level of uncertainty is observed in travel followed restaurant sector.

引用

页数：10

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