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The influence of economic policy uncertainty and geopolitical risk on US citizens overseas air passenger travel by regional destination

Author

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  • James E Payne

    (The University of Texas at El Paso, USA)

  • Nicholas Apergis

    (University of Derby, UK)

Abstract

This research note extends the literature on the role of economic policy uncertainty and geopolitical risk on US citizens overseas air travel through the examination of the forecast error variance decomposition of total overseas air travel and by regional destination. Our empirical findings indicate that across regional destinations, US economic policy uncertainty explains more of the forecast error variance of US overseas air travel, followed by geopolitical risk with global economic policy uncertainty explaining a much smaller percentage of the forecast error variance.

Suggested Citation

  • James E Payne & Nicholas Apergis, 2022. "The influence of economic policy uncertainty and geopolitical risk on US citizens overseas air passenger travel by regional destination," Tourism Economics, , vol. 28(5), pages 1333-1341, August.
    • Handle: RePEc:sae:toueco:v:28:y:2022:i:5:p:1333-1341
    DOI: 10.1177/1354816620981199
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    References listed on IDEAS

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