This paper estimates fiscal multipliers using quarterly data for a panel of nine developing Asian economies, following a vector autoregression model specification, but using local projections to extract the impulse responses. We provide evidence that the 4-quarter and 8-quarter cumulative...

Tourism is acknowledged as a contributor to destination economies in many countries. However, COVID-19 has devastated the tourism industry in numerous national economies. Although the economic impact of tourism on destinations has been examined in a large body of tourism literature, most studies...

Economic analysis of the tourism industry is a critical tool for local industries and governments to estimate, understand, and forecast the tourism potential and economic performance of a destination, especially amidst a crisis such as the COVID-19 pandemic. In this study, we take Macao as a...