加密货币对印度外国旅游业的波动性影响

IF 4.3 3区管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM

Asia Pacific Journal of Tourism Research Pub Date : 2023-04-03 DOI:10.1080/10941665.2023.2228936

Jagjeevan Kanoujiya, Soumyadip Pal, Shailesh Rastogi

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引用次数: 0

摘要

摘要加密货币和旅游业在过去几年中在全球范围内获得了吸引力。然而，目前还没有进行任何研究来了解两者之间的关系。本文研究了加密货币的波动溢出效应（VSE）对印度旅游业的影响。使用选定加密货币的月度时间序列数据（2015年8月至2021年1月）和外国游客到达量（FTA）以及外国旅游的外汇收入（FEE），我们评估了加密货币对旅游业的波动性（短期和长期）影响（通过印度FTA的月度数量和印度通过外国旅游的FEE的变化）。本研究采用多元GARCH模型（BEKK-GARCH和mGJR-GARCH）。研究结果表明，加密货币与印度的外国旅游业之间存在波动性联系。这些发现对政策制定者理解加密货币和区块链对印度旅游业政策的重要性具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Volatility effects of cryptocurrencies on foreign tourism in India

ABSTRACT Cryptocurrencies and tourism have gained traction worldwide in the last few years. However, no research has been conducted to understand the relationship between the two. This paper examines the impact of the volatility spillover effects (VSE) of cryptocurrencies on the tourism sector in India. Using monthly time-series data (from August 2015 to January 2021) of the selected cryptocurrencies and foreign tourist arrivals (FTA) and foreign exchange earnings (FEE) from foreign tourism, we assess the volatility (short and long-term) impacts of cryptocurrencies on tourism (through changes in the monthly number of FTAs in India and FEEs of India through foreign tourism). The study applies Multivariate GARCH models (BEKK-GARCH and mGJR-GARCH). The findings suggest that there is an existence of volatility connections between cryptocurrencies and foreign tourism in India. These findings have noticeable implications for policymakers to understand the importance of cryptocurrency and blockchain for tourism sector policies in India.

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来源期刊

Asia Pacific Journal of Tourism Research HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

6.80

自引率

4.00%

发文量

期刊介绍： Asia Pacific Journal of Tourism Research is the official journal of the Asia Pacific Tourism Association (Founded September 1995) and seeks to publish both empirically and theoretically based articles which advance and foster knowledge of tourism as it relates to the Asia Pacific region. The Journal welcomes submissions of full length articles and critical reviews on major issues with relevance to tourism in the Asia Pacific region.