This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism … estate activity. Further, economic and political uncertainty is found to intensify the macro effects on tourism correlations … crash, also magnify the impact of macro drivers on the evolution of co-movement and integration in the tourism sector. …

Both domestic and international tourism are a major source of service export receipts for many countries worldwide, and … is also increasingly important in Taiwan. One of the three leading tourism source countries for Taiwan is the Republic of … Korea, which is a source of short haul tourism. Daily data from 1 January 1990 to 31 December 2008 are used to model the …