Modelling dependence between tourism demand and exchange rate using the copula-based GARCH model

• Main Authors: Jiechen Tang, Songsak Sriboonchitta, Vicente Ramos, Wing Keung Wong
• 格式: 雜誌
• 出版: 2018
• 主題: Business, Management and Accounting; Social Sciences
• 在線閱讀: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84904073952&origin=inward; http://cmuir.cmu.ac.th/jspui/handle/6653943832/55324
• 機構: Chiang Mai University

© 2014 Taylor & Francis. 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...