The contagion effect of Covid-19-induced uncertainty on US tourism sector
Evidence from time-varying granger causality test
Bibliographic Data
| ID | 21689286 |
|---|---|
| Authors | Oğuzhan Çepni (0000-0002-9615-851X, Copenhagen Business School), Tarik Dogru (0000-0002-1149-0805, Florida State University, corresponding author), Ozgur Ozdemir (0000-0001-8734-9915, University of Nevada, Reno) |
| Year | 2023 |
| Volume | 29 |
| Issue | 4 |
| Pages | 906-928 |
| Publication date | 2023-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Tourism Economics (JOURNAL) |
| Journal identifiers | ISSN: 1354-8166 • E-ISSN: 2044-0375 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/13548166221077633 |
| OpenAlex | W4221111357 |
| Language | EN |
| Citations received | 5 |
| References cited | 25 |
This study investigates the effect of COVID-19-induced uncertainty on the overall stock market and the stock performance of the tourism and hospitality industry and its subsectors utilizing a novel time-varying robust Granger causality test. The results show that the COVID-19 pandemic–induced uncertainty has an adverse impact on the overall economy, tourism and hospitality industry, and subsectors of tourism and hospitality. However, the impact of COVID-19 pandemic–induced uncertainty is more significant in the tourism and hospitality industry and its subsectors. In particular, hotels sector has experienced the largest impact from the COVID-19 pandemic, followed by restaurants and airline sectors, respectively. Research and practical implications are discussed. JEL Classification: C1, C5, F2, G11, G17, G41
2019-20 coronavirus outbreak · Biology · Econometrics · Economics · Geography · Granger causality · Monetary economics · Tourism · COVID-19 Pandemic Impacts · Diverse Aspects of Tourism Research · Market Dynamics and Volatility · Internal Medicine
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| Unique citing works | 5 |
|---|---|
| Citations per year | 2,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |