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author:

Ding, H. (Ding, H..) [1] | Ren, Y. (Ren, Y..) [2] | You, W. (You, W..) [3] (Scholars:游万海)

Indexed by:

Scopus

Abstract:

In this article, we investigate whether world uncertainty index (WUI) Granger-causes visitor arrivals (VA) in 19 emerging economies using the mixed-frequency vector autoregressive model (MF-VAR). Moreover, a comparative study on MF-VAR and low-frequency vector autoregressive model (LF-VAR) had been analyzed to further tap the need for MF-VAR model. Empirical results reveal that the Granger causality is not homogeneous for emerging economies. To be more specific, WUI Granger-causes VA in some emerging economies, while others do not. Also, the causality running from WUI to VA is heterogeneous at various horizons. The results show the short-run causality running from WUI to VA in China, Israel, Morocco, the Philippines, Poland, and Turkey whereas long-run causality in Colombia. From these findings, different countries should formulate corresponding tourism strategies to deal with uncertainty. © 2021, The Author(s), under exclusive licence to Springer Nature B.V.

Keyword:

Emerging economies MF-VAR model Visitor arrivals World uncertainty index

Community:

  • [ 1 ] [Ding, H.]Advanced Institute of Finance, Sun Yat-Sen University, Guangzhou, China
  • [ 2 ] [Ren, Y.]College of Finance and Statistics, Hunan University, Changsha, China
  • [ 3 ] [You, W.]School of Economics and Management, Fuzhou University, Fuzhou, China
  • [ 4 ] [You, W.]Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China

Reprint 's Address:

  • 游万海

    [You, W.]School of Economics and Management, China

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Source :

Quality and Quantity

ISSN: 0033-5177

Year: 2022

Issue: 6

Volume: 56

Page: 4193-4215

1 . 0 7 2

JCR@2017

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 2

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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