Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
The impact of the economic policy uncertainty and geopolitical risks on tourism demand of Mexico
Çanakkale Onsekiz Mart University, Turkey
Sertaç HOPOĞLU
Iskenderun Technical University, Turkey
Hakan ERYÜZLÜ
Iskenderun Technical University, Turkey
Abstract. The aim of this study is to determine the effects of geopolitical risk, representing macropolitical factors that may affect number of inbound tourists, and economic policy uncertainty, representing macro-level events, and exchange rates, on inbound tourists to Mexico over the period January 1996 - December 2018 by using Fourier ARDL and Fourier Toda Yamamoto causality tests. The ARDL analysis showed that inbound tourists to Mexico decrease in the long-run as economic policy uncertainty increases and increase in the long-run as geopolitical risk and real exchange rates increase. Causality tests revealed unidirectional causality running from economic policy uncertainty to inbound tourists.
Keywords: Mexico, international tourist arrivals, geopolitical risk, economic policy uncertainty.
Contents
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- Financial contagion and identifying speculative frenzies:
Unraveling price bubbles in cryptocurrency markets
Nora CHIRIȚĂ
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- Comparative study on the legislative framework
for attracting FDI in Romania
Constantin ANGHELACHE
Ștefan Virgil IACOB
Alexandra PETRE
Cristian OLTEANU
- Macroeconomic determinants of economic growth.
An international perspective
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C.R. BISHNOI
- Analysing the interrelationship
between Bitcoin price and it’s energy consumption
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Kirti JAIN
- Comparative study on the global performance of companies with foreign capital
and those with Romanian capital
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Denis-Arthur STRIJEK
Marius-Cristian RĂDUȚ
- A proposal for modified human development
index for BRICS countries.
A holistic approach towards sustainable
human development
Bhawna MUDGAL
Hemlata MANGLANI
- The effect of overconfidence behaviour
on stock market volatility in Belgium
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Paul Vivien OYIBO
Koffi Mouroufie Emmanuel DJEBAN
Ebi Georges FOSSOU
- The impact of the economic policy uncertainty
and geopolitical risks on tourism demand of Mexico
Veli YILANCI
Sertaç HOPOĞLU
Hakan ERYÜZLÜ
- Credit, housing prices, expectations, and the macroeconomy.
Evidence from developed and developing countries
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Hema KAPUR
Ananya Ghosh DASTIDAR
- Competition policies and legislation regarding
the European-Asian economic corridors
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- Modern leadership communication
and strategic lobbying
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The role of push versus pull factors
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informationally efficient?
Causal analysis of stock prices and macroeconomic variables
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- The economic vision of artificial intelligence's (AI) efficiency
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- Impact of FDI and energy consumption
on the agricultural productivity of BRICS nations
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- Re-visiting exchange rate volatility – risk perception relation.
New evidence from Fourier tests
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Tayfur BAYAT