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.
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
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