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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 …
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This empirical study evaluates European tourism demand in Spain from 2000 to 2020. To test the hypotheses, we have … modelled tourism demand, which is measured in terms of travellers arriving in Spain. An Error Correction Model adapted to a … positively relate to tourism demand. Still, the stock market indices are not significant in both terms. The price index, trade …
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