Economic Policy Uncertainty, COVID-19, and Tourist Stays in Croatia: Evidence from a Fourier Toda-Yamamoto Modeling Approach
International Trade Journal
; 2022.
Article
in English
| Scopus | ID: covidwho-2120773
ABSTRACT
This study extends the literature with respect to economic policy uncertainty measures and tourism flows to Croatia through the use of the Toda and Yamamoto modeling approach with a Fourier approximation to capture structural breaks. The results show that domestic economic policy uncertainty does not have a significant impact on tourist overnight stays. However, an increase in European economic policy uncertainty reduces total and domestic tourist overnight stays. An increase in COVID-19 cases has a negative and significant impact on total, domestic, and foreign tourist overnight stays, and contributes to increases in both Croatian and European economic policy uncertainty. © 2022 Taylor & Francis Group, LLC.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
International Trade Journal
Year:
2022
Document Type:
Article
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