Your browser doesn't support javascript.
The systemic risk in Thailand: the role of tourism industry
Anatolia-International Journal of Tourism and Hospitality Research ; : 1-12, 2023.
Article in English | Web of Science | ID: covidwho-2310089
ABSTRACT
The study analyses the contribution of the tourism, banking, property fund and real estate, and finance and securities industries to the systemic risk of Thailand. Using quantile regression, the study estimates the measures of systemic risk (conditional Value-at-Risk (CoVaR) and delta conditional Value-at-Risk ( increment CoVaR)) and examines the relevance of various industries in increasing the systemic risk of Thailand using Kolmogorov - Smirnov test. The findings support the relevance of the tourism industry in significantly contributing to the systemic risk in Thailand. The study also highlights the systemic relevance of the tourism industry during the COVID-19 period in Thailand, when the industry was severely impacted, which adversely affected its systemic risk.
Keywords

Full text: Available Collection: Databases of international organizations Database: Web of Science Type of study: Prognostic study Language: English Journal: Anatolia-International Journal of Tourism and Hospitality Research Year: 2023 Document Type: Article

Similar

MEDLINE

...
LILACS

LIS


Full text: Available Collection: Databases of international organizations Database: Web of Science Type of study: Prognostic study Language: English Journal: Anatolia-International Journal of Tourism and Hospitality Research Year: 2023 Document Type: Article