The impact of COVID-19 on the Spanish tourism sector.
Autor: Gil Alana, Luis A.; Poza Lara, Carlos
Resumen: We examine in this note the impact of COVID-19 on the Spanish tourism sector by using a strong dependence model. Daily data from five equity markets are used and we find that the coronavirus crisis has increased the persistence in the data, moving in some of the series from a mean reverting process to a non-mean reverting one. Thus, shocks that were expected to be transitory have become permanent, implying the need of strong policy measures to come the series back to their long-term projections.
Ficheros en el ítem
Ficheros | Tamaño | Formato | Ver |
---|---|---|---|
the impact of covid-19 on Spanish ... | 205.9Kb | Ver/ |
Este ítem aparece en la(s) siguiente(s) colección(ones)
- BUSINESS ANALYTICS [144]