The influence of economic policy uncertainty and geopolitical risk on US citizens overseas air passenger travel by regional destination

• James E Payne ^[1] ; Nicholas Apergis ^[2]
  1. [1] University of Texas at El Paso

     University of Texas at El Paso

     Estados Unidos

     
  2. [2] University of Derby

     University of Derby

     Reino Unido

     
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 28, Nº. Extra 5, 2022 (Ejemplar dedicado a: Panel Data Models in Tourism Research), págs. 1333-1341
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This research note extends the literature on the role of economic policy uncertainty and geopolitical risk on US citizens overseas air travel through the examination of the forecast error variance decomposition of total overseas air travel and by regional destination. Our empirical findings indicate that across regional destinations, US economic policy uncertainty explains more of the forecast error variance of US overseas air travel, followed by geopolitical risk with global economic policy uncertainty explaining a much smaller percentage of the forecast error variance.