Spillover network of tourism stocks, metaverse, artificial intelligence, and traditional assets
Do oil-related and volatility shocks matter
Bibliographic Data
| ID | 21689373 |
|---|---|
| Authors | Oktay Ozkan (0000-0001-9419-8115, Tokat Gaziosmanpaşa Üniversitesi), Ojonugwa Usman (0000-0002-6459-9898, Department of Economics, Istanbul Ticaret University, corresponding author), Anthony Ladis Komba (Department of Economics, Istanbul Ticaret University), George N Ike (0000-0001-7100-6598, Girne American University) |
| Year | 2025 |
| Volume | 31 |
| Issue | 7 |
| Pages | 1471-1479 |
| Publication date | 2025-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Tourism Economics (JOURNAL) |
| Journal identifiers | ISSN: 1354-8166 • E-ISSN: 2044-0375 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/13548166251353545 |
| OpenAlex | W4411449188 |
| Language | EN |
| References cited | 9 |
The rapid proliferation of technology-based assets in the presence of global shocks can deepen the relationship between financial assets and tourism stocks. This study investigates the spillover network of tourism stocks, metaverse, artificial intelligence, and traditional assets under oil-related volatility shocks. To this end, a Bayesian time-varying parameter vector autoregressive (TVP-VAR) method is applied. The empirical results suggest that tourism stocks are a net shock receiver. These results remain unchanged under oil-related and volatility shocks, indicating that oil-related and volatility shocks primarily reflect broader market dynamics rather than driving systemic risks. Our findings, therefore, provide insights into risk management and hedging strategies for tourism stocks
Econometrics · Economics · Financial economics · Macroeconomics · Monetary economics · Oil price · Spillover effect · Tourism · Economic Sanctions and International Relations · Energy, Environment, Economic Growth · Market Dynamics and Volatility
| Highly cited | No |
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