scholarly journals Mexico and Uruguay inbound tourism demand

2019 ◽  
Vol 13 (3) ◽  
pp. 161-182
Author(s):  
Gabriela Mordecki ◽  
Ana Cecilia Leiva ◽  
Nathalie Desplas Puel
Keyword(s):  
Income Elasticity ◽  
Institutional Changes ◽  
Tourism Demand ◽  
Main Determinant ◽  
Tourism Sector ◽  
The Us ◽  
The Impact ◽  
The Relationship ◽  
Cointegration Relationship ◽  
Important Activity

The main objective of this paper is to estimate the tourism demand for Mexico and Uruguay, two very different countries, but for both of which tourism is an important activity, and mainly originating from a large neighbor. We try to analyze whether the determinants of tourism demand differ depending on the size of the country, or if being a neighboring country is the main determinant. So, we analyze the relationship between the number of American tourists visiting Mexico and Argentinian tourists visiting Uruguay, and the inbound tourists’ income and the bilateral real exchange rate (RER) between the visiting country and the hosting country, following the Johansen’s methodology. We found one cointegration relationship for each country, where the income-elasticity was greater than 2 for American tourists visiting Mexico, and nearly 3 for Argentinian tourists visiting Uruguay. Bilateral RERs were also significant in both models. Moreover, forecasts show the impacts of institutional changes on the tourism sector. The impact of arrival of President Macri to power was positive for Argentinian tourists visiting Uruguay, but President Trump's arrival in the US was negative for American tourists visiting Mexico.

THE GDP IMPACT ON INTERNATIONAL TOURISM DEMAND: A SLOVENIA BASED CASE

2007 ◽  
Vol 14 (2) ◽  
pp. 217-228
Author(s):  
Helena Nemec Rudež
Keyword(s):  
Regression Analysis ◽  
Income Elasticity ◽  
International Tourism ◽  
Strong Impact ◽  
Tourism Demand ◽  
Luxury Good ◽  
Functional Forms ◽  
The Impact ◽  
The Given ◽  
The Relationship

The paper empirically examines the relationship between Slovenian GDP and international tourism expenditures of Slovenia in the period 1994-2006. For this purpose, regression analysis in different functional forms was used to examine the impact of GDP on international tourism expenditures. The results reveal positive and strong impact of GDP on international tourism expenditure in Slovenia in the given period of time. Further, income elasticity of outbound tourism demand was calculated leading to the conclusion that travelling in foreign destinations has characteristics of a luxury good for Slovenian people.

Assessing the Impact of Terrorism on African Tourism Demand

2021 ◽  
Author(s):  
Sheereen Fauzel ◽  
Boopen Seetanah
Keyword(s):  
Panel Data Analysis ◽  
Dynamic Panel Data ◽  
Terrorist Attacks ◽  
Tourism Demand ◽  
African Countries ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Impact ◽  
The Relationship

Many African states are relying on or have identified tourism to accelerate their growth and the continent has become the world’s second fastest growing tourist industry. However, African states have also not been spared by increasing terrorism attacks during the past decades, probably hindering the growth of this sector to certain extent. This study examines the relationship between terrorism and tourism for a sample of selected African countries over the period 1995 to 2017. Given the dynamic nature of tourism demand and the possibility of endogenous relationships in the terrorism-tourism nexus, dynamic panel data analysis, namely a Panel vector error correction model (PVECM) is employed. The results confirm that terrorism negatively affects tourism demand in Africa and this can be explained by the reactive psychology of tourists to the various aggravated terrorist attacks in the countries. Moreover, the findings show that an increase in tourism may have resulted in an increase in terrorist attacks, hence confirming a bi directional causality between tourism and terrorism.

scholarly journals The Empirical Test on the Impact of Climate Volatility on Tourism Demand: A Case of Japanese Tourists Visiting Korea

2018 ◽  
Vol 10 (10) ◽  
pp. 3569
Author(s):  
Yun Hwang ◽  
Hyung Kim ◽  
Cheon Yu
Keyword(s):  
Empirical Test ◽  
Tourism Industry ◽  
Model Specification ◽  
Time Lags ◽  
Tourism Demand ◽  
Demand Model ◽  
Volatility Index ◽  
Tourism Resource ◽  
The Impact ◽  
The Relationship

As climate is not only a valuable tourism resource but also a factor influencing travel experience, estimating climate volatility has implications for sustainable development of the tourism industry. This study develops the Climate Volatility Index (CVI) using a Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model and estimates the relationship between CVI and Japanese tourism demand in Korea, using a tourism demand model based on monthly data from January 2000 to December 2013. Possible time lags and multicollinearity among variables are considered for the model specification. The results show that an increase in climate volatility leads to a decrease in tourism demand.

scholarly journals HOW DID COVID-19 PANDEMIC AFFECT THE TOURISM INDEX IN BORSA ISTANBUL?

2021 ◽  
Author(s):  
Ercan Özen ◽  
Letife Özdemir
Keyword(s):  
Regression Model ◽  
Regression Method ◽  
Stock Index ◽  
Daily Data ◽  
Tourism Sector ◽  
The Impact ◽  
Bound Test ◽  
Cointegration Relationship ◽  
Ardl Bound Test

This study aims to investigate the impact of the Covid-19 pandemic on Turkey's tourism sector. In the study, for the period 12 March 2020 - 31 August 2020 the daily data of the BIST tourism stock index and Covid-19 case and death counts in Turkey were used. The cointegration relationship between the Covid-19 pandemic and the BIST tourism index was investigated with the ARDL bound test. In addition, the effect of the Covid-19 pandemic on the BIST tourism index was tested with the FMOLS regression method. As a result of the ARDL bound test, it was determined that there is a long-term cointegration relationship between the Covid-19 case and death numbers and the BIST tourism index. According to the FMOLS regression model results, it is seen that the deaths of Covid 19 significantly affect the tourism index. A 1% increase in the number of deaths causes the BIST tourism index to decrease by 0.08%. The coefficient of the number of Covid-19 cases is not significant, showing that the number of cases does not have a sufficient effect on the tourism index.

The Impact of US and China on ROK–DPRK Relations, 1993–2019

Asian Survey ◽  
2021 ◽  
pp. 1-28
Author(s):  
Alec Chung ◽  
Ki Eun Ryu
Keyword(s):  
Statistical Analysis ◽  
Power Distribution ◽  
Korean Peninsula ◽  
Great Powers ◽  
Event Data ◽  
The Us ◽  
The Impact ◽  
The Relationship

The relationship between the ROK and DPRK is bound to be affected by the two great powers—the US and China. Especially in recent decades, the power gap between the two great powers has continued to narrow. Given this, how is the geopolitical situation surrounding the Korean Peninsula shaping inter-Korean relations? This study uses event data and statistical analysis to explore the geopolitical factors that shaped inter-Korean relations from 1993 to 2019. We find that DPRK–ROK relations deteriorated as the power gap between the US and China narrowed. Also, inter-Korean relations were positive when DPRK–US relations were positive. In short, we conclude that during the shift in the US–China power distribution, maintaining positive DPRK–US relations while also managing inter-Korean relations peacefully is necessary for peace on the Korean Peninsula.

Anglo-American Intelligence Liaison and the Outbreak of the Korean War

2020 ◽  
pp. 77-99
Author(s):  
Huw Dylan ◽  
David V. Gioe ◽  
Michael S. Goodman
Keyword(s):  
Korean War ◽  
Intelligence Sharing ◽  
The Us ◽  
The Korean War ◽  
Anglo American ◽  
The Impact ◽  
The Relationship ◽  
Northern Korea

The chapter is concerned with the CIA’s intelligence relationships with key international partners – the Five Eyes – and wrinkles in the relationship. Despite being extremely robust in general, there were difficulties. China was a notable exception; Britain and the US had fundamentally different policies. Korea was another. The chapter illustrates the impact this had on intelligence sharing. It then goes on to detail the paucity of CIA analysis concerning Korea, and why this was the case. Documents: Minutes of the British Joint Intelligence Committee 24 August 1949; CIA’s Current Capabilities of the Northern Korea Regime.

scholarly journals Global review of heart health claims for oat beta-glucan products

2020 ◽  
Vol 78 (Supplement_1) ◽  
pp. 78-97
Author(s):  
Rebecca Mathews ◽  
Alison Kamil ◽  
YiFang Chu
Keyword(s):  
Drug Administration ◽  
Food And Drug Administration ◽  
Health Claims ◽  
Soluble Fiber ◽  
Beta Glucan ◽  
Oat Bran ◽  
The Us ◽  
Cereal Fiber ◽  
The Impact ◽  
The Relationship

Abstract Coronary heart disease (CHD) is the leading cause of death globally. Consumption of whole grains and cereal fiber, as part of a healthy diet, can lower the risk of CHD. Health claims on food products are effective in helping consumers select healthful diets. The US Food and Drug Administration was the first to approve a health claim, in 1997, between beta-glucan soluble fiber from whole oats, oat bran, and whole oat flour and reduced risk of CHD. Only a few countries have approved similar claims. Since 1997, a significant amount of additional evidence has been published on the relationship between oat beta-glucan and CHD. To assist other jurisdictions in potentially utilizing this claim, the full extent of data that supports this claim (ie, the evidence utilized by the US Food and Drug Administration to substantiate the claim, as well as the results of 49 clinical trials published since 1997) are reviewed here. The complexities involved in authoring evidence-based health claims, including the impact of processing on beta-glucan cholesterol-lowering efficacy in approving eligible beta-glucan products, are also discussed.

scholarly journals Opportunity or Crisis? Volatility and Leverage Effect in the World’s Largest Economies

2019 ◽  
Vol 9 (4) ◽  
pp. 1
Author(s):  
Amalendu Bhunia ◽  
Devrim Yaman
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Market Volatility ◽  
Future Market ◽  
Market Returns ◽  
Stock Market Returns ◽  
The Us ◽  
The World ◽  
The Impact ◽  
The Relationship

This paper examines the relationship between asset volatility and leverage for the three largest economies (based on purchasing power parity) in the world; US, China, and India. Collectively, these economies represent Int$56,269 billion of economic power, making it important to understand the relationship among these economies that provide valuable investment opportunities for investors. We focus on a volatile period in economic history starting in 1997 when the Asian financial crisis began. Using autoregressive models, we find that Chinese stock markets have the highest volatility among the three stock markets while the US stock market has the highest average returns. The Chinese market is less efficient than the US and Indian stock markets since the impact of new information takes longer to be reflected in stock prices. Our results show that the unconditional correlation among these stock markets is significant and positive although the correlation values are low in magnitude. We also find that past market volatility is a good indicator of future market volatility in our sample. The results show that positive stock market returns result in lower volatility compared to negative stock market returns. These results demonstrate that the largest economies of the world are highly integrated and investors should consider volatility and leverage besides returns when investing in these countries.

Comparison of International Differences in the Volatility of Economic Growth and Non-Performing Loan Ratio: A Statistical Study Based on the Quantile Regression Model

2017 ◽  
Vol 21 (6) ◽  
pp. 1094-1101
Author(s):  
Song Qin ◽  
Zhenlei Wang ◽  
◽  
◽  
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Quantile Regression ◽  
Regression Models ◽  
Banking Sector ◽  
Statistical Study ◽  
Quantile Regression Model ◽  
The Us ◽  
The Impact ◽  
The Relationship

What is the level of non-performing loans in China’s banking sector and in different countries? Has the relationship between economic growth and the non-performing loan ratio changed? Is there a difference in the effect of the economic growth of different economies on the rate of non-performing loans in the banking sector? This study analyzes the relationship between economic growth and the non-performing loan ratios and characteristics of 13 countries from 2005-2014 based on quantile regression models with panel data. The results showed that the relationship between economic growth and the non-performing loan ratio was positive before the financial crisis in 2008 but was negative after 2008. The non-performing loan ratio in Canada, Mexico, and the US was low before 2008 and high after 2008. The impact of economic growth on the non-performing loan ratio was more significant for countries with a high non-performing loan ratio than for countries with a low non-performing loan ratio.

China-US summit yields more strains than gains

2015 ◽  
Keyword(s):  
Presidential Election ◽  
Personal Data ◽  
Content Type ◽  
The Us ◽  
Us Government ◽  
International Image ◽  
Economic Slowdown ◽  
Government Workers ◽  
The Impact ◽  
The Relationship

Significance Several recent strains in the relationship guaranteed a tense official dialogue and tepid reception of Xi across Washington -- the impact of China's economic slowdown on the US stock market, accusations of Chinese cyber theft of US government workers' personal data, and continued maritime tensions. Impacts China's climate change commitments will improve its international image, but will not reduce tensions on other issues. Washington will impose sanctions if it believes China is breaking the new cybercrime agreement. US politics ahead of next year's presidential election will put more strain on China-US relations. Dialogue on the South China Sea is unlikely to bear fruit while Washington's policy is undecided.

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