Causality between global economic policy uncertainty and tourism in fragile five countries: a three-dimensional wavelet approach

• Wu, Tsung-Pao ^[1] ; Wu, Hung-Che ^[2] ; Liu, Shu-Bing ^[4] ; Wu, Cheng-Feng ^[3] ; Wu, Yu-Yu ^[5]
  1. [1] Beijing Institute of Technology

     Beijing Institute of Technology

     China

     
  2. [2] Sun Yat-sen University

     Sun Yat-sen University

     China

     
  3. [3] Hubei University Of Economics

     Hubei University Of Economics

     China

     
  4. [4] Shih Chien University

     Shih Chien University

     Taiwán

     
  5. [5] University of Macau, Taipa, People’s Republic of China

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• Localización: Tourism recreation research, ISSN 0250-8281, Vol. 47, Nº. 5-6, 2022, págs. 608-622
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This work aims to examine the relationship between global economic policy uncertainty (GEPU)and tourism activities in the fragilefive (F5) countries, namely, Brazil, India, Indonesia, SouthAfrica and Turkey using three-dimensional wavelet transforms context structures and the annualdata during the period of 1997–2018. This innovative technique allows the decomposition oftime-series at different time frequencies. In this work, the researchers used three-dimensionalcontinuous wavelets based on Granger causality analysis to investigate the relationshipbetween GEPU and tourism. Thefinding shows that the relationship generally changes overtime, displaying low to high frequency cycles. Moreover, the timing and frequency changewhen GEPU co-moves with tourism. Accordingly, it can be recommended that the governmentincrease and promote tourism demand and further provide and nurture the expansion oftourism supply