Obi, Pat; Ogbeide, Godwin-Charles - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-16
In this paper, we examine the impact of destination risk and currency valuation on the U.S. tourism-growth nexus using … the recently developed nonlinear autoregressive distributed lag cointegration technique. Tourism development is proxied by … causality. Positive shocks in tourism development directly impact growth, while negative shocks in GDP have a negative causal …