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http://hdl.handle.net/1893/34478| Appears in Collections: | Accounting and Finance Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Does climate policy uncertainty affect tourism demand? Evidence from time-varying causality tests |
| Author(s): | Apergis, Nicholas Gavriilidis, Konstantinos Gupta, Rangan |
| Contact Email: | konstantinos.gavriilidis@stir.ac.uk |
| Keywords: | climate policy uncertainty climate policy uncertainty index air-travel destinations US structural breaks time-varying causality test |
| Issue Date: | 23-Jun-2022 |
| Date Deposited: | 28-Jun-2022 |
| Citation: | Apergis N, Gavriilidis K & Gupta R (2022) Does climate policy uncertainty affect tourism demand? Evidence from time-varying causality tests. Tourism Economics. https://doi.org/10.1177/13548166221110540 |
| Abstract: | This study examines whether climate policy uncertainty affects the propensity of people to travel. To do so, we employ the Climate Policy Uncertainty (CPU) index and US air-travel data to eight regional overseas destinations for the period 2000–2019. Using time-varying causality tests to deal with the structural breaks that exist in the relationship between CPU and US air travel, we find that CPU is a major determinant of air-travel demand to all destinations examined. The results are robust when we control for macroeconomic factors, uncertainty and geopolitical risks. The findings have important implications for destination countries and tourism professionals. |
| DOI Link: | 10.1177/13548166221110540 |
| Rights: | This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage). |
| Notes: | Output Status: Forthcoming/Available Online |
| Licence URL(s): | http://creativecommons.org/licenses/by/4.0/ |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 13548166221110540.pdf | Fulltext - Published Version | 1.12 MB | Adobe PDF | View/Open |
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