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 …

Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … Composite Index (CI), an economic environmental indicator, than the Tourism Industry Index (TII), which is an existing indicator …, the new Tourism Conditions Index is straightforward to use and also provides useful insights in predicting tourism …

Mature tourism economies need to regain competitiveness as a new source of growth. Active policies require a good … indicators to guide governments in their analysis of tourism competitiveness and to inform tourism policy development. This …. The report was reviewed and approved by the OECD Tourism Committee on 10 April 2013. …

Conditions Index (FCI) to tourism stock data. However, the method of calculation of the TFCI is different from existing methods … statistically significant using the estimated conditional mean of the tourism stock index returns (RTS). Granger Causality tests …€œrich†, and not only on inbound visitor growth. The use of market returns on the tourism stock sub-index as the sole indicator of …