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Abstract

The relationship between the tourism industry and unexpected nonmacro incidents has received limited academic coverage. As a result, the quantifiable impact of such events on tourism-specific stock values, both in terms of returns and volatility, remains grossly underexamined. Motivated by the...

Author(s)
Zopiatis, A.; Savva, C. S.; Lambertides, N.; McAleer, M.
Publisher
Sage Publications, Thousand Oaks, USA
Citation
Journal of Travel Research, 2019, 58, 3, pp 459-479
Abstract

This paper investigates the stock returns and volatility size effects for firm performance in the Taiwan tourism industry, especially the impacts arising from the tourism policy reform that allowed mainland Chinese tourists to travel to Taiwan. Four conditional univariate GARCH models are used to...

Author(s)
Chang ChiaLin; Hsu HuiKuang; McAleer, M.
Publisher
University of Canterbury, Christchurch, New Zealand
Citation
Working Paper - Department of Economics and Finance, University of Canterbury, 2013, No.26/2013, pp 33 pp.
Abstract

This paper investigates the stock returns and volatility size effects for firm performance in the Taiwan tourism industry, especially the impacts arising from the tourism policy reform that allowed mainland Chinese tourists to travel to Taiwan. Four conditional univariate GARCH models are used to...

Author(s)
Chang ChiaLin; Hsu HuiKuang; McAleer, M.
Publisher
University of Canterbury, Christchurch, New Zealand
Citation
Working Paper - Department of Economics and Finance, University of Canterbury, 2013, No.27/2013, pp 33 pp.
Abstract

After the commercial whaling moratorium was enacted in 1986, whale-watching became one of the fastest growing tourism industries worldwide. As whaling was regarded as an activity that is incompatible with whale-watching, the possible resumption of commercial whaling caused an urgent need to...

Author(s)
Kuo, H. I.; Chen ChiChung; McAleer, M.
Publisher
Elsevier Ltd, Amsterdam, Netherlands
Citation
Tourism Management, 2012, 33, 6, pp 1321-1328
Abstract

This chapter (i) provides a template for the future analysis of earnings from international tourism, particularly tourism taxes for small island tourism economies (SITEs); (ii) discusses the direct and indirect monetary benefits from international tourism; (iii) highlights tourism taxes in the...

Author(s)
McAleer, M.; Shareef, R.; Veiga, B. da
Publisher
Edward Elgar Publishing Ltd, Cheltenham, UK
Citation
Tourism and sustainable economic development: macroeconomic models and empirical methods, 2008, pp 145-164
Abstract

The main contributions of this monograph are as follows. First, the importance of conditional volatility in monthly international tourist arrivals and country risk returns is examined and modelled, and the macroeconomic implications for small island tourism economies (SITEs) are appraised. Second,...

Author(s)
Shareef, R.; Hoti, S.; McAleer, M.
Publisher
Edward Elgar Publishing Ltd, Cheltenham, UK
Citation
The economics of small island tourism: international demand and country risk analysis, 2008, pp xvi + 332 pp.

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