Economic Policy Uncertainty and Tourism Demand: Empirical Evidence from the USA

GÖZGÖR G., Ongan S.

INTERNATIONAL JOURNAL OF TOURISM RESEARCH, cilt.19, sa.1, ss.99-106, 2017 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 19 Sayı: 1
  • Basım Tarihi: 2017
  • Doi Numarası: 10.1002/jtr.2089
  • Dergi Adı: INTERNATIONAL JOURNAL OF TOURISM RESEARCH
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.99-106
  • İstanbul Üniversitesi Adresli: Evet

Özet

This paper investigates the effects of uncertainty on tourism spending ( direct sales) by USA domestic tourists over the period of 1998Q1-2015Q4. For this purpose, for the first time, the Economic Policy Uncertainty index was used as an independent variable in tourism demand analysis models. Unit root and cointegration tests are applied to account for unknown structural breaks. The empirical findings indicate that a higher level of Economic Policy Uncertainty leads to significant declines in tourism spending in the long run. Copyright (C) 2016 John Wiley & Sons, Ltd.