This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the … Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … the multivariate BEKK model for four TCI indicators to predict specific tourism and economic environmental indicators for …

The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …