Naslov
Economic Policy Uncertainty, COVID-19, and Tourist Stays in Croatia: Evidence from a Fourier Toda- Yamamoto Modeling Approach

Autori
Payne, James E. ; Nazlioglu, Saban ; Mervar, Andrea ; Niroomand, Farhang

Izvornik
The International Trade Journal (0885-3908) (2022); 1-20

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Tourist overnight stays ; economic policy uncertainty ; tourism demand ; Fourier Toda-Yamamoto ; Croatia

Sažetak
This study extends the literature with respect to economic policy uncertainty measures and tourism flows to Croatia through the use of the Toda and Yamamoto modeling approach with a Fourier approximation to capture structural breaks. The results show that domestic economic policy uncertainty does not have a significant impact on tourist overnight stays. However, an increase in European economic policy uncertainty reduces total and domestic tourist overnight stays. An increase in COVID-19 cases has a negative and significant impact on total, domestic, and foreign tourist overnight stays, and contributes to increases in both Croatian and European economic policy uncertainty.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Objavljeno online 25. listopada 2022.
Published online October 25, 2022.

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