The effect of economic policy uncertainty on BRIC tourism

被引：5
|
作者：
Wu, Tsung-Pao [1 ]
Wu, Hung-Che
Wang, Chi-Hui [2 ]
Wu, Haotong [3 ]
机构：
[1] Beijing Inst Technol, Sch Accounting & Finance, Zhuhai City, Peoples R China
[2] Univ Edinburgh, Sch Social & Polit Sci, Edinburgh, Midlothian, Scotland
[3] Univ Macau, Fac Business Adm, Room G031, Taipa, Macao, Peoples R China
来源：
ANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH | 2021年 / 32卷 / 03期
关键词：
BRIC tourism activities; economic policy uncertainty; wavelet analysis; time domains; frequency domains;
D O I：
10.1080/13032917.2021.1916550
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the effects of economic policy uncertainty (EPU) and tourism in Brazil, Russia, India and China (BRIC). It used a three-dimensional wavelet technique based on Granger causality analysis to investigate the relationship between EPU and tourism activities using the annual data between 1995 and 2018. The results show that the uncertainty about its economic policies will not only affect macroeconomic variables but also tourism. The EPU has short-run implications, as well as short-run, mid-run and long-run effects on international tourist arrivals. It can be recommended that the national security of the government and peace protocols be maintained by the government. Otherwise, the fall in tourism demand could impede the economic growth in the BRIC countries in the long-run.
引用
收藏
页码：501 / 509
页数：9
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