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Abstract

This chapter shows how the generalized autoregressive conditional heteroscedasticity (GARCH) model can be used to measure the conditional volatility in monthly international tourist arrivals to three small island tourism economies (SITEs), namely, Barbados, Cyprus and Fiji. The sample periods for...

Author(s)
Chan, F.; Hoti, S.; McAleer, M.; Shareef, R.
Publisher
Edward Elgar Publishing, Cheltenham, UK
Citation
The economics of tourism and sustainable development, 2005, pp 30-55