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In this study, we attempted to analyse whether the shocks to tourist arrivals in BRIC countries are temporary or permanent, by analysing the stationary characteristics of the data in panel… Click to show full abstract
In this study, we attempted to analyse whether the shocks to tourist arrivals in BRIC countries are temporary or permanent, by analysing the stationary characteristics of the data in panel framework. We found that, for Brazil, Russia and India, tourist arrivals are stationary process, whereas for China it is non-stationary process. This implies that shocks to the tourism sector in Brazil, Russia and India have only temporary effect, whereas the shocks to China's tourism sector have permanent effects.
Keywords:
bric countries;
tourism;
evidence bric;
stationary evidence;
arrivals stationary;
tourist arrivals
Journal Title: Current Issues in Tourism
Year Published: 2017
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Journal Title: Current Issues in Tourism
Year Published: 2017
Link to full text (if available)
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recommendations!