Demir, Ender; Kizys, Renatas; Rouatbi, Wael; Zaremba, Adam - 2021
This paper examines the impact vaccination programs have on the stock market volatility of the travel and leisure … sector. Using daily data from 56 countries over the period from January 2020 to March 2021, we find that vaccination leads to … estimation techniques and variable specifications, and does not depend on either the pandemic or government policy responses …