Modelling dependence between tourism demand and exchange rate using the copula-based GARCH model
This paper investigates dependence between tourism demand and exchange rate, using the case of China, and from a new perspective by using copula-GARCH models. The empirical results show that the volatility of exchange rate is not a determinant factor in fluctuation of China's inbound tourism de...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2014
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| Online Access: | http://www.scopus.com/inward/record.url?eid=2-s2.0-84904073952&partnerID=40&md5=2e9743114d60a6d75c3859089aaf83ae http://cmuir.cmu.ac.th/handle/6653943832/1206 |
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| Institution: | Chiang Mai University |
| Language: | English |