Causality between Economic Policy Uncertainty and Tourism Using Three-dimensional Wavelet-based Approaches. Issue 2 (3rd April 2022)

• Record Type: Journal Article
• Authors: Wu, Tsung-Pao; Wu, Hung-Che; Wu, Yu-Yu; Wu, Su-Tsung; Liao, Shu-Yen
• Is Part Of: Journal of China tourism research. Volume 18:Issue 2(2022)
• Page Start: 316
• Page End: 326
• Publication Date: 2022-04-03
• Subjects: BRIC tourism activities -- economic policy uncertainty -- three-dimensional wavelet analysis -- time domains -- frequency domains; 金砖四国的旅游活动 -- 经济政策的不确定性 -- 三维小波分析 -- 时域 -- 频域; Tourism -- China -- Periodicals; Tourism; China; Periodicals; 338.479151
• DOI: 10.1080/19388160.2020.1834482
• Languages: English
• ISSNs: 1938-8179

Abstract

ABSTRACT: This study provides new insights into the relationship between economic policy uncertainty (EPU) and tourism activities in the BRIC (Brazil, Russia, India, and China) countries. We used continuous three-dimensional wavelets based on Granger causality analysis to investigate the relationship between EPU and tourism using the annual data. The finding shows that the relationships between the variables evolve through time and frequencies. We uncover significant wavelet coherence and strong lead–lag relationships changing over time, displaying low- to high-frequency cycles over the whole sample period.