The Empirical Test on the Impact of Climate Volatility on Tourism Demand: A Case of Japanese Tourists Visiting Korea

被引：2

作者：

Hwang, Yun Seop ^{[1
]}

Kim, Hyung Sik Harris ^{[2
]}

Yu, Cheon ^{[3
]}

机构：

[1] Kyung Hee Univ, Coll Polit & Econ, Dept Int Business & Trade, Seoul 02447, South Korea

[2] Bank Korea, Res Dept, Seoul 04514, South Korea

[3] Kyung Hee Univ, Int Trade Res Ctr, Seoul 02447, South Korea

来源：

SUSTAINABILITY | 2018年 / 10卷 / 10期

基金：

新加坡国家研究基金会;

关键词：

tourism demand; climate change; climate volatility; GARCH model; INFORMATION; WEATHER; TEMPERATURE; DECISION; SEARCH; INDEX;

D O I：

10.3390/su10103569

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

As climate is not only a valuable tourism resource but also a factor influencing travel experience, estimating climate volatility has implications for sustainable development of the tourism industry. This study develops the Climate Volatility Index (CVI) using a Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model and estimates the relationship between CVI and Japanese tourism demand in Korea, using a tourism demand model based on monthly data from January 2000 to December 2013. Possible time lags and multicollinearity among variables are considered for the model specification. The results show that an increase in climate volatility leads to a decrease in tourism demand.

引用

页数：14

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