| Title: |
Economic policy uncertainty and international tourist arrivals: A disaggregated analysis of the Croatian Adriatic coast |
| Authors: |
Payne J.E.; Mervar A.; Nazlioglu S. |
| Publisher Information: |
SAGE Publications Inc. |
| Publication Year: |
2023 |
| Collection: |
Pamukkale University Repository / Pamukkale Üniversitesi Açık Erişim Arşivi |
| Subject Terms: |
Croatia; economic policy uncertainty; Fourier Toda-Yamamoto; international tourist arrivals; tourism demand |
| Description: |
This is the first study to examine the differential impact of Croatian and European economic policy uncertainty indices while controlling for the real effective exchange rate and industrial production on international tourist arrivals for the seven coastal counties of Croatia and the country as a whole. The Toda-Yamamoto long-run causality modeling approach with a Fourier approximation is employed to capture structural shifts. This approach is particularly useful in light of the disruption from the COVID-19 pandemic on the tourism sector. The results show unidirectional causality from both Croatian and European economic policy uncertainty indices to international tourist arrivals with the impact of the economic policy uncertainty indices negative and statistically significant across the respective coastal counties. Moreover, the findings show that European economic policy uncertainty exhibits a greater adverse impact on international tourist arrivals relative to Croatian economic policy uncertainty. JEL Codes: C30; Z30; Z32; Z38. © The Author(s) 2022. |
| Document Type: |
article in journal/newspaper |
| Language: |
English |
| Relation: |
Tourism Economics; Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı; https://doi.org/10.1177/13548166221078807; https://hdl.handle.net/11499/47641; WOS:000764133900001 |
| DOI: |
10.1177/13548166221078807 |
| Availability: |
https://hdl.handle.net/11499/47641; https://doi.org/10.1177/13548166221078807 |
| Rights: |
none |
| Accession Number: |
edsbas.A9BB5779 |
| Database: |
BASE |