The impact of the economic policy uncertainty and geopolitical risks on tourism demand of Mexico
Theoretical and Applied Economics, cilt.30, sa.3, ss.147-164, 2023 (Hakemli Dergi)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 30 Sayı: 3
- Basım Tarihi: 2023
- Dergi Adı: Theoretical and Applied Economics
- Derginin Tarandığı İndeksler: EBSCO Education Source, EconLit
- Sayfa Sayıları: ss.147-164
- Çanakkale Onsekiz Mart Üniversitesi Adresli: Evet
Özet
The aim of this study is to determine the effects of geopolitical risk, representing
macropolitical factors that may affect number of inbound tourists, and economic policy uncertainty,
representing macro-level events, and exchange rates, on inbound tourists to Mexico over the period
January 1996 - December 2018 by using Fourier ARDL and Fourier Toda Yamamoto causality
tests. The ARDL analysis showed that inbound tourists to Mexico decrease in the long-run as
economic policy uncertainty increases and increase in the long-run as geopolitical risk and real
exchange rates increase. Causality tests revealed unidirectional causality running from economic
policy uncertainty to inbound tourists.