Economic Policy Uncertainty and Tourism: Evidence from the Heterogeneous Panel

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dc.contributor.authorSaint Akadiri, Seyi
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorUzuner, Gizem
dc.date.accessioned2019-11-24T19:05:45Z
dc.date.available2019-11-24T19:05:45Z
dc.date.issued2019en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractIn this paper, we examine whether tourism predicts economic policy uncertainty or not in three regions of America, Europe, and Asia-pacific, using annual frequency panel data that consist of 12 countries in a multivariate Granger causality model that incorporates economic growth as an additional variable over the periods 1995-2016. Using the panel Granger causality method as advanced by Emirmahmutoglu and Kose [(2011). Testing for Granger causality in heterogeneous mixed panels. Economic Modelling, 28(3), 870-876.] that produces country-specific Granger causality test statistic and also controlled for heterogeneity in panel data, we found two-way causality relationship between ITAs and EPU in France, Ireland and United State, and one-way causality relationship from ITAs to EPU in Brazil, Canada, China and Germany and neutrality hypothesis in Chile, Japan, South Korea, Russia and Sweden, respectively. These results suggest tourism-economic policy uncertainty led-hypothesis and economic policy uncertainty-tourism led hypothesis with worthy policy implications for tourism destinations across the world.en_US
dc.identifier.doi10.1080/13683500.2019.1687662en_US
dc.identifier.issn1368-3500
dc.identifier.issn1747-7603
dc.identifier.scopus2-s2.0-85074989894en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://hdl.handle.net/11363/1497
dc.identifier.urihttps://doi.org/
dc.identifier.wosWOS:000495535900001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLANDen_US
dc.relation.ispartofCURRENT ISSUES IN TOURISMen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEconomic policy uncertaintyen_US
dc.subjecttourism arrivalen_US
dc.subjecteconomic growthen_US
dc.subjectpanel approachen_US
dc.subjectheterogeneous panelen_US
dc.subjectCAUSALITYen_US
dc.subjectTRADEen_US
dc.subjectDYNAMICSen_US
dc.subjectOPENNESSen_US
dc.subjectGROWTHen_US
dc.titleEconomic Policy Uncertainty and Tourism: Evidence from the Heterogeneous Panelen_US
dc.typeArticleen_US

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