Bhattacharya, Mita; Narayan, Paresh Kumar - In: Applied Economics 37 (2005) 13, pp. 1485-1490
Testing for the random walk hypothesis, which asserts that a series is a non-stationary process or a unit root process, in the case of visitor arrivals has important implications for policy. If, for instance, visitor arrivals are characterized by a unit root, then it implies that shocks to...