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The effect of economic policy uncertainty on BRIC tourism
Tsung-Pao Wu1; Hung-Che Wu2; Chi-Hui Wang1; Haotong Wu3; Yu-Yu Wu4
2021-04-16
Source PublicationANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH
ISSN1303-2917
Volume32Issue:3Pages:501-509
Abstract

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.

KeywordBric Tourism Activities Economic Policy Uncertainty Frequency Domains Time Domains Wavelet Analysis
DOI10.1080/13032917.2021.1916550
URLView the original
Indexed ByESCI
Language英語English
WOS Research AreaSocial Sciences - Other Topics
WOS SubjectHospitality, Leisure, Sport & Tourism
WOS IDWOS:000641340500001
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
Scopus ID2-s2.0-85104731195
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Document TypeJournal article
CollectionFaculty of Business Administration
Corresponding AuthorChi-Hui Wang
Affiliation1.School of Accounting and Finance, Beijing Institute of Technology, Zhuhai City, China
2.Independent Researcher, Kaohsiung City, Taiwan
3.School of Social and Political Science, The University of Edinburgh, Edinburgh, United Kingdom
4.Faculty of Business Administration, The University of Macau, Faculty of Business Administration, University of Macau, Taipa, Room G031, China
Recommended Citation
GB/T 7714
Tsung-Pao Wu,Hung-Che Wu,Chi-Hui Wang,et al. The effect of economic policy uncertainty on BRIC tourism[J]. ANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH, 2021, 32(3), 501-509.
APA Tsung-Pao Wu., Hung-Che Wu., Chi-Hui Wang., Haotong Wu., & Yu-Yu Wu (2021). The effect of economic policy uncertainty on BRIC tourism. ANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH, 32(3), 501-509.
MLA Tsung-Pao Wu,et al."The effect of economic policy uncertainty on BRIC tourism".ANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH 32.3(2021):501-509.
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