Zhou, Bo, Zhang, Ying and Zhou, Peng ![]() |
Preview |
PDF
- Accepted Post-Print Version
Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (983kB) | Preview |
Abstract
To capture the role of politics in tourism, we propose a novel measure to quantify political relations based on text analysis of published diplomatic statements. We explain how political relations affect outbound tourist flows from China to Japan and Korea. Estimated on monthly data (1997m1-2018m12), our model shows how China-Japan disputes affect tourist flows to Korea and how China-Korea clashes influence the number of Chinese tourists going to Japan. The political effects are estimated to peak after three months, but half of the effects vanish in six months. We also observe asymmetries in the political effects—the tourists respond more to negative political shocks than to positive ones, and more to territorial disputes than to war history disputes.
Item Type: | Article |
---|---|
Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Publisher: | Elsevier |
ISSN: | 0160-7383 |
Date of First Compliant Deposit: | 3 March 2021 |
Date of Acceptance: | 20 February 2021 |
Last Modified: | 07 Nov 2023 06:20 |
URI: | https://orca.cardiff.ac.uk/id/eprint/139233 |
Citation Data
Cited 3 times in Scopus. View in Scopus. Powered By Scopus® Data
Actions (repository staff only)
![]() |
Edit Item |