create a website

Global perspective on the permanent or transitory nature of shocks to tourist arrivals: Evidence from new unit root tests with structural breaks and factors. (2024). Payne, James ; Lee, Junsoo.
In: Tourism Economics.
RePEc:sae:toueco:v:30:y:2024:i:1:p:67-103.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 131

References cited by this document

Cocites: 38

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Al-Shboul M, Anwar S, (2017) Long memory behavior in Singapore’s tourism market. International Journal of Tourism Research 19(5): 524–534.
    Paper not yet in RePEc: Add citation now
  2. Andraz JM, Cuerreiro RFC, Rodriguez PMM, (2018) Persistence of travel and leisure sector equity indices. Empirical Economics 54(4): 1801–1825.

  3. Apergis N, Mervar A, Payne JE, (2017) Forecasting disaggregated tourist arrivals in Croatia: Evidence from seasonal univariate time series models. Tourism Economics 23(1): 78–98.
    Paper not yet in RePEc: Add citation now
  4. Assaf AG, Barros CP, Gil-Alana LA, (2011) Persistence in the short- and long-term tourist arrivals to Australia. Journal of Travel Research 50(2): 213–229.
    Paper not yet in RePEc: Add citation now
  5. Assaf AG, Gil-Alana LA, Barros CP, (2012) Persistence characteristics of tourism arrivals to Australia. International Journal of Tourism Research 14(2): 165–176.
    Paper not yet in RePEc: Add citation now
  6. Au AKM, Ramasamy B, Yeung MCH, (2005) The effects of SARS on the Hong Kong tourism industry: An empirical evaluation. Asia Pacific Journal of Tourism Research 10(1): 85–95.
    Paper not yet in RePEc: Add citation now
  7. Bahmani-Oskooee M, Chang T, Wu T, (2014) Revisiting purchasing power parity in African countries: Panel stationary tests with sharp and smooth breaks. Applied Financial Economics 24(22): 1429–1438.

  8. Bai J, (2009) Panel data models with interactive fixed effects. Econometrica 77(4): 1229–1279.

  9. Bai J, (2010) Common breaks in means and variances for panel data. Journal of Econometrics 157(1): 78–92.

  10. Bai J, Ng S, (2002) Determining the number of factors in approximate factor models. Econometrica 70(1): 191–221.

  11. Bai J, Ng S, (2004) A PANIC attack on unit roots and cointegration. Econometrica 72(4): 1127–1177.

  12. Baig S, Hussain H, (2020) Do shocks have permanent or transitory effects on tourist inflow? An application of stationarity tests with structural breaks: Evidence re-examined for Gilgit-Baltistan, Pakistan. Asia Pacific Journal of Tourism Research 25(2): 120–130.
    Paper not yet in RePEc: Add citation now
  13. Baltagi BH, Feng Q, Kao C, (2016) Estimation of heterogeneous panels with structural breaks. Journal of Econometrics 191(1): 176–195.

  14. Baltagi BH, Kao C, Liu L, (2017) Estimation and identification of change points in panel models with nonstationary or stationary regressors and error term. Econometric Reviews 36(1–3): 85–102.

  15. Baltagi BH, Pirotte A, (2010) Panel data inference under spatial dependence. Economic Modelling 27(6): 1368–1381.

  16. Bassil C, Saleh SA, Anwar S, (2014) Is tourism in Lebanon subject to permanent or transitory exogenous shocks? Tourism Analysis 19(6): 781–790.
    Paper not yet in RePEc: Add citation now
  17. Bhattacharya M, Narayan PK, (2005) Testing for the random walk hypothesis in the case of visitor arrivals: Evidence from Indian tourism. Applied Economics 37(13): 1485–1490.

  18. Breitung J, (2000) The local power of some unit root tests for panel data. In: Baltagi B, (ed) Advances in Econometrics, Vol. 15 Non-stationary Panels, Panel Cointegration, and Dynamic Panels. Amsterdam, Netherlands: JAI Pres, pp. 161–178.
    Paper not yet in RePEc: Add citation now
  19. Breuer JB, McNown R, Wallace MS, (2001) Misleading inferences from panel unit root tests with an illustration from purchasing power parity. Review of International Economics 9(3): 482–493.

  20. Breuer JB, McNown R, Wallace MS, (2002) Series specific unit root tests with panel data. Oxford Bulletin of Economics and Statistics 64(5): 527–546.

  21. Caporale GM, Gil-Alana LA, (2019) UK overseas visitors: Seasonality and persistence. Tourism Economics 25(5): 827–831.

  22. Carrion-i_Silvestre JL, Kim D, Perron P, (2009) GLS-based unit root tests with multiple structural breaks both under the null and the alternative hypotheses. Econometric Theory 25(6): 1754–1792.

  23. Carrion-i-Silvestre JL, Barrio-Castro TD, Lopez-Bazo E, (2005) Breaking the panels: An application to the GDP per capita. Econometrics Journal 8(2): 159–175.

  24. Chang Y, (2002) Nonlinear IV unit root tests in panels with cross-sectional dependency. Journal of Econometrics 110(2): 261–292.

  25. Charles A, Darne O, Hoarau J-F, (2019) How resilient is La Reunion in terms of international tourism attractiveness: An assessment from unit root tests with structural breaks from 1981-2015. Applied Economics 51(24): 2639–2653.

  26. Chen JH, Malinda M, (2014) Long memory and multiple structural breaks in returns of travel and tourism indexes. Journal of Business and Economics 5(9): 1460–1472.
    Paper not yet in RePEc: Add citation now
  27. Choi I, (2002) Combination Unit Root Tests for Cross-Sectionally Correlated Panels Mimeo. Clear Water Bay, Hong Kong: Hong Kong University of of Science and Technology.
    Paper not yet in RePEc: Add citation now
  28. Choi I, (2006) Non-stationary panels. In: Mills TC, Patterson K, (eds) Econometric Theory, Volume I of Palgrave Handbook of Econometrics. Basingstoke, UK: Palgrave MacMillan, pp. 511–539. Chapter 13.
    Paper not yet in RePEc: Add citation now
  29. Chortareas G, Kapetanios G, (2009) Getting PPP right: Identifying mean-reverting real exchange rates in panels. Journal of Banking and Finance 33(2): 390–404.

  30. Chu F-L, (2008) A fractionally integrated autoregressive moving average approach to forecasting tourism demand. Tourism Management 29(1): 79–88.
    Paper not yet in RePEc: Add citation now
  31. Chu F-L, (2009) Forecasting tourism demand with ARMA-based methods. Tourism Management 30(5): 740–751.
    Paper not yet in RePEc: Add citation now
  32. Chu H-P, Chang T, Chang H-L, , et al., (2008) Are visitor arrivals to Taiwan stationary? An empirical study based on panel SURADF tests. Empirical Economics Letters 7(10): 1001–1007.
    Paper not yet in RePEc: Add citation now
  33. Chu H-P, Yeh M-L, Chang T-Y, (2014) Are visitor arrivals to China stationary? An empirical note. Asia Pacific Journal of Tourism Research 19(2): 248–256.
    Paper not yet in RePEc: Add citation now
  34. Cunado J, Gil-Alana LA, Perez de Gracia F, (2004) Modelling monthly Spanish tourism: A seasonal fractonally integrated approach. Tourism Economics 10(1): 79–94.

  35. Cunado J, Gil-Alana LA, Perez de Gracia F, (2005) The nature of seasonality in Spanish tourism time series. Tourism Economics 11(4): 483–499.

  36. Cunado J, Gil-Alana LA, Perez de Gracia F, (2008a) Persistence in international monthly arrivals in the Canary Islands. Tourism Economics 14(1): 123–129.

  37. Cunado J, Gil-Alana LA, Perez de Gracia F, (2008b) Fractional integration and structural breaks: Evidence from international monthly arrivals in the USA. Tourism Economics 14(1): 13–23.

  38. Dash AK, Suresh KG, Tiwari AK, (2017) Are tourist arrivals stationary? Evidence from BRIC countries. Current Issues in Tourism 20(3): 221–224.

  39. Dedeoglu M, (2016) Are shocks to Turkey’s tourist arrivals permanent? Ekonometri ve Istatistik sayi 24: 30–39.
    Paper not yet in RePEc: Add citation now
  40. Dejong R, Amsler C, Schmidt P, (2007) A robust version of the KPSS test based on indicators. Journal of Econometrics 137(2): 311–333.

  41. Demetrescu M, Hanck C, (2012) Unit root testing in heteroscedastic panels using the cauchy estimator. Journal of Business and Economic Statistics 30(2): 256–264.

  42. Dickey DA, Fuller WA, (1979) Distributions of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association 74(366a): 427–431.
    Paper not yet in RePEc: Add citation now
  43. Dickey DA, Fuller WA, (1981) Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica 49(4): 1057–1072.

  44. Elliott G, Rothenberg TJ, Stock JH, (1996) Efficient tests for an autoregressive unit root. Econometrica 64(4): 813–836.

  45. Enders W, Lee J, (2012a) A unit root test using a fourier series to approximate smooth breaks. Oxford Bulletin of Economics and Statistics 74: 574–599.

  46. Enders W, Lee J, (2012b) The flexible fourier form and Dickey-Fuller type unit root tests. Economics Letters 117: 196–199.

  47. Gil-Alana LA, (2005) Modelling international monthly arrivals using seasonal univariate long-memory processes. Tourism Management 26(6): 867–878.
    Paper not yet in RePEc: Add citation now
  48. Gil-Alana LA, (2009) Americans Traveling to Europe: A new perspective based on persistence. Tourism and Hospitality Research 9(1): 3–8.
    Paper not yet in RePEc: Add citation now
  49. Gil-Alana LA, (2010) International arrivals in the Canary Islands: Persistence, long memory, seasonality, and other implicit dynamics. Tourism Economics 16(2): 287–302.

  50. Gil-Alana LA, (2011) Tourism in South Africa-time series persistence and the nature of the shocks: are they transitory or permanent? African Journal of Business Management 5(12): 4686–4698.
    Paper not yet in RePEc: Add citation now
  51. Gil-Alana LA, Cunado J, Perez de Gracia F, (2008) Tourism in the Canary Islands: Forecasting using several seasonal time series models. Journal of Forecasting 27(7): 621–636.

  52. Gil-Alana LA, Fischer C, (2010) International traveling and trade: Further evidence for the case of Spanish wine based on fractional vector autoregressive specifications. Applied Economics 42(19): 2417–2434.

  53. Gil-Alana LA, Gil-Lopez A, Roman ES, (2021) Tourism persistence in Spain: National versus international visitors. Tourism Economics 27(4): 614–625.

  54. Gil-Alana LA, Huijbens EH, (2018) Tourism in Iceland: Persistence and seasonality. Annals of Tourism Research 68: 20–29.

  55. Gil-Alana LA, Mervar A, Payne JE, (2015) Measuring persistence in Croatian tourism: Evidence from the Adriatic region. Applied Economics 47(46): 4901–4917.

  56. Gil-Alana LA, Mervar A, Payne JE, (2016) Modeling the degree of persistence in Croatian tourism. Tourism Economics 22(3): 655–664.

  57. Gil-Alana LA, Mudida R, Perez Gracia F, (2014) Persistence, long memory and seasonality in Kenyan tourism series. Annals of Tourism Research 46: 89–101.
    Paper not yet in RePEc: Add citation now
  58. Gil-Alana LA, Payne JE, (2022) Persistence, seasonality, and fractional integration within a nonlinear framework: evidence from U.S. citizens overseas travel. Tourism Economics 28(3): 654–660.

  59. Gil-Alana LA, Perez de Gracia F, Cunado J, (2004) Seasonal fractional integration in the Spanish tourism quarterly time series. Journal of Travel Research 42(4): 408–414.
    Paper not yet in RePEc: Add citation now
  60. Gil-Alana LA, Poza C, (2022) The impact of COVID-19 on the Spanish tourism sector. Tourism Economics 28(3): 646–653.

  61. Gil-Alana LA, Ruiz-Alba JL, Ayestaran R, (2020) U.K. Tourism arrivals and departures: Seasonality, persistence, and time trends. Applied Economics 52(46): 5077–5087.

  62. Granger CWJ, (1980) Long memory relationships and the aggregation of dynamic models. Journal of Econometrics 14(2): 227–238.
    Paper not yet in RePEc: Add citation now
  63. Hadri K, (2000) Testing for stationarity in heterogeneous panel data. Econometrics Journal 3(2): 148–161.

  64. Hadri K, Kurozumi E, (2012) A simple panel stationarity tests in the presence of serial correlation and a common factor. Economics Letters 115(1): 31–34.
    Paper not yet in RePEc: Add citation now
  65. Hylleberg S, Engle R, Granger C, , et al., (1990) Seasonal integration and cointegration. Journal of Econometrics 44(1–2): 215–238.

  66. Im KS, Lee J, Tieslau M, (2005) Panel LM unit root tests with level shifts. Oxford Bulletin of Economics and Statistics 67(3): 393–419.

  67. Im KS, Pesaran MH, Shin Y, (2003) Testing for unit roots in heterogeneous panels. Journal of Econometrics 115(1): 53–74.

  68. Kapetanios G, Shin Y, Snell A, (2003) Testing for a unit root in the non-linear STAR framework. Journal of Econometrics 112(2): 359–379.

  69. Kejriwal M, Perron P, (2010) A sequential procedure to determine the number of breaks in trend with an integrated or stationary noise component. Journal of Time Series Analysis 31(5): 305–328.

  70. Kruse R, (2011) A new unit root test against ESTAR based on a class of modified statistics. Statistical Papers 52(1): 71–85.

  71. Kwiatkowski D, Phillips PCB, Schmidt P, , et al., (1992) Testing the null hypothesis of stationary against the alternative of a unit root. Journal of Econometrics 54(1–3): 159–178.
    Paper not yet in RePEc: Add citation now
  72. Kyophilavong P, Tiwari AK, Jozwik B, , et al., (2019) Are tourist arrivals stationary? Evidence from Laos. Anatolia: An International Journal of Tourism and Hospitality Research 30(4): 622–625.
    Paper not yet in RePEc: Add citation now
  73. Lanne M, Lutkepohl H, Saikkonen P, (2002) Comparison of unit root tests for time series with level shifts. Journal of Time Series Analysis 23(6): 667–685.
    Paper not yet in RePEc: Add citation now
  74. Lean HH, Smyth R, (2009) Asian financial crisis, avian flu and tourist threats: Are shocks to Malaysian tourist arrivals permanent or transitory? Asia Pacific Journal of Tourism Research 14(3): 301–321.
    Paper not yet in RePEc: Add citation now
  75. Lee CG, (2009) Are tourist arrivals stationary? Evidence from Singapore. International Journal of Tourism Research 11(4): 409–414.
    Paper not yet in RePEc: Add citation now
  76. Lee CH, Ying YH, Yang GJA, (2014) Assessing whether tourist arrivals are stationary: Evidence from Taiwan using sequential panel selection method. Journal of China Tourism Research 10(2): 206–221.
    Paper not yet in RePEc: Add citation now
  77. Lee J, Strazicich MC, (2003b) Minimum Lagrange multiplier unit root test with two structural breaks. Review of Economics and Statistics 85(4): 1082–1089.

  78. Lee J, Tieslau M, (2019) Panel LM unit root tests with level and trend shifts. Economic Modelling 80: 1–10.

  79. Levin A, Lin CF, Chu C-S, (2002) Unit root in panel data: Asymptotic and finite sample properties. Journal of Econometrics 108(1): 1–24.

  80. Lorde T, Francis B, Skeete S, (2009) Are shocks to Barbados long-stay visitor arrivals permanent or temporary: A short empirical note. Journal of Public Sector Policy Analysis 3: 3–19.
    Paper not yet in RePEc: Add citation now
  81. Lumsdaine R, Papell D, (1997) Multiple trend breaks and the unit root hypothesis. Review of Economics and Statistics 79(2): 212–218.

  82. Maddala GS, Wu S, (1999) A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics 61(S1): 631–652.
    Paper not yet in RePEc: Add citation now
  83. Meng M, Payne JE, Lee J, (2013) Convergence in per capita energy use among OECD countries. Energy Economics 36: 536–545.

  84. Moon R, Perron P, (2004) Testing for a unit root in panels with dynamic factors. Journal of Econometrics 122(1): 81–126.

  85. Narayan PK, (2005a) The structure of tourist expenditure in Fiji: Evidence from unit root structural break tests. Applied Economics 37(10): 1157–1161.

  86. Narayan PK, (2005b) Did Rabuka’s military coups have a permanent effect or a transitory effect on tourist expenditure in Fiji: Evidence from Vogelsang’s structural break test. Tourism Management 26(4): 509–515.
    Paper not yet in RePEc: Add citation now
  87. Narayan PK, (2005c) Testing the unit root hypothesis when the alternative is a trend break stationary process: An application to tourist arrivals in Fiji. Tourism Economics 11(3): 351–364.

  88. Narayan PK, (2008) Examining the behavior of visitor arrivals to Australia from 28 different countries. Transportation Research Part A: Policy and Practice 42(5): 751–761.
    Paper not yet in RePEc: Add citation now
  89. Narayan PK, Popp S, (2010) A new unit root test with two structural breaks in level and slope at unknown time. Journal of Applied Statistics 37(9): 1425–1438.

  90. Narayan PK, Prasad A, (2008) Examining the Behaviour of visitor arrivals to Australia from twenty different countries: An application of panel unit root tests. Economic Papers 27(3): 265–271.

  91. Nazlioglu S, Karul C, (2017) A panel stationarity test with gradual structural shifts: Re-investigate the international commodity price shocks. Economics Modeling 61: 181–192.

  92. Nazlioglu S, Lee J, (2020) Response surface estimates of the LM unit root tests. Economics Letters 192: 109136.

  93. Nazlioglu S, Lee J, Tieslau M, , et al., (2022) Smooth structural changes and common factors in nonstationary panel data: An analysis of healthcare expenditures. Econometrics Review, forthcoming.
    Paper not yet in RePEc: Add citation now
  94. Nazlioglu S, Payne JE, Lee J, , et al., (2021) Convergence of OPEC carbon dioxide emissions: Evidence from new panel stationarity tests with factors and breaks. Economic Modelling 100: 105498.

  95. Ng S, Perron P, (2001) Lag length selection and the construction of unit root tests with good size and power. Econometrica 69(6): 1519–1554.

  96. Nowman KB, Van Dellen S, (2012) Forecasting overseas visitors to the U.K. using continuous time and autoregressive fractional integrated moving average models with discrete data. Tourism Economics 18(4): 835–844.

  97. Payne JE, Gil-Alana LA, (2018) Data measurement and the change in persistence of tourist arrivals to the United States in the aftermath of the September 11th terrorist attacks. Tourism Economics 24(1): 41–50.

  98. Payne JE, Gil-Alana LA, Mervar A, , et al., (2022b) Tourist arrivals and overnight stays along the Croatian Adriatic coast: changes in persistence and seasonality from the COVID-19 disruption. Tourism Economics, forthcoming.
    Paper not yet in RePEc: Add citation now
  99. Payne JE, Gil-Alana LA, Mervar A, (2022a) Persistence in Croatian tourism: The impact of COVID-19. Tourism Economics 28(6): 1676–1682.
    Paper not yet in RePEc: Add citation now
  100. Payne JE, Lee J, (2022) Stochastic and Club Convergence in Per Capita International Tourist Arrivals: Evidence from a Global Panel with Breaks and Comovements, Working Paper. Tuscaloosa, AL: University of Alabama.
    Paper not yet in RePEc: Add citation now
  101. Payne JE, Lee J, Islam T, , et al., (2022) Stochastic convergence of per capita greenhouse gas emissions: New unit root tests with breaks and a factor structure. Energy Economics 113: 106201.

  102. Payne JE, Nazlioglu S, (2022) The permanent or transitory nature of shocks to tourism expenditures and receipts: evidence from new panel stationarity tests with breaks and factors. Tourism Economics, forthcoming.
    Paper not yet in RePEc: Add citation now
  103. Perez-Rodriguez JV, Santana-Gallego M, (2020) Modelling tourism receipts and associated risk, using long-range dependence models. Tourism Economics 26(1): 70–96.

  104. Perron P, Yabu T, (2009) Testing for shifts in trend with an integrated or stationary noise component. Journal of Business and Economic Statistics 27(3): 369–396.

  105. Pesaran MH, (2006) Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica 74(4): 967–1012.

  106. Pesaran MH, (2007) A simple panel unit root tests in the presence of cross section dependence. Journal of Applied Econometrics 22(2): 265–312.
    Paper not yet in RePEc: Add citation now
  107. Phillips PCB, Perron P, (1988) Testing for a unit root in time series regression. Biometrica 75(2): 335–346.
    Paper not yet in RePEc: Add citation now
  108. Saikkonen O, Lutkepohl H, (2002) Testing for a unit root in a time series with a level shift at unknown time. Econometric Theory 18(2): 313–348.

  109. Saleh AS, Verma R, Ihalanayake R, (2011) Do external shocks have a permanent or a transitory effect on Thailand’s tourism industry? Tourism Analysis 16(4): 483–491.
    Paper not yet in RePEc: Add citation now
  110. Schmidt P, Phillips PCB, (1992) LM tests for a unit root in the presence of deterministic trends. Oxford Bulletin of Economics and Statistics 54(3): 257–287.

  111. Sen A, (2003) On unit root tests when the alternative is a trend-break stationary process. Journal of Business and Economics Statistics 21(1): 174–184.

  112. Smith LV, Leybourne S, Kim T-H, , et al., (2004) More powerful panel data unit root tests with an application to mean reversion in real exchange rates. Journal of Applied Econometrics 19(2): 147–170.

  113. Smyth R, Nielsen I, Mishra V, (2009) I’ve been to Bali too’(and I will be going back): Are terrorist shocks to Bali’s tourist arrivals permanent or transitory? Applied Economics 41(11): 1367–1378.
    Paper not yet in RePEc: Add citation now
  114. Solarin SA, (2015) September 11 attacks, H1N1 influenza, global financial crisis, and tourist arrivals in Sarawak. Anatolia: An International Journal of Tourism and Hospitality Research 26(2): 298–300.
    Paper not yet in RePEc: Add citation now
  115. Solarin SA, (2016) Global financial crisis and stationarity of tourist arrivals: Evidence from Mauritius. Current Issues in Tourism 19(9): 869–875.

  116. Tan S-H, Tan S-K, (2014) Are shocks to Singapore’s tourist arrivals permanent or transitory? An application of stationarity test with structural breaks. Current Issues in Tourism 17(6): 480–486.

  117. Tang TC, Wong KN, (2009) The SARS epidemic and international visitor arrivals to Cambodia: Is the impact permanent or transitory? Tourism Economics 15(4): 883–890.

  118. Taylor MP, Sarno L, (1998) The behavior of real exchange rates during the post-Bretton woods period. Journal of International Economics 46(2): 281–312.

  119. Tiwari AK, Dash AK, Narayanan DG, (2018) Foreign tourist arrivals in India from major source countries: An empirical analysis. Current Issues in Tourism 21(10): 1137–1156.

  120. Ucar N, Omay T, (2009) Testing for unit root in non-linear heterogeneous panels. Economics Letters 104(1): 5–8.

  121. United Nations World Tourism Organization (UNWTO) (2020) UNWTO world tourism Barometer and statistical annex. UNWTO World Tourism Barometer 18(6): 1–23.
    Paper not yet in RePEc: Add citation now
  122. Valadkhani A, O’Mahony B, (2018) Identifying structural changes and regime switching in growing and declining inbound tourism markets in Australia. Current Issues in Tourism 21(3): 277–300.

  123. Vanzetti D, Peters R, (2021) COVID-19 and Tourism : An Update Assessing the Economic Consequences. New York, NY: United Nations Conference on Trade and Development.
    Paper not yet in RePEc: Add citation now
  124. Vogelsang TJ, (1997) Wald-type tests for detecting breaks in the trend function of a dynamic time series. Econometric Theory 13(6): 818–849.

  125. Vogelsang TJ, Perron P, (1998) Additional tests for a unit root allowing for a break in the trend function at an unknown time. International Economic Review 39(4): 1073–1100.

  126. Wu JL, Lee HY, (2009) A revisit to the non-linear mean reversion of real exchange rates: Evidence from a series-specific non-linear panel unit root test. Journal of Macroeconomics 31(4): 591–601.

  127. Xiao Z, Lima LR, (2007) Testing covariance stationarity. Econometric Reviews 26(6): 643–667.

  128. Xie H, Tiwari AK, Chang T, (2018) Investigating stationarity in tourist arrivals to India using panel KPSS with sharp drifts and smooth breaks. Applied Economics 50(46): 4985–4998.

  129. Yang GJ-A, Ying Y-H, Chang K, , et al., (2014) Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks. Tourism Analysis 19(5): 573–580.
    Paper not yet in RePEc: Add citation now
  130. Yucel AG, (2021) Are shocks to tourist arrivals permanent or transitory? A comprehensive analysis on the top 20 most-visited countries. Current Issues in Tourism 24(16): 2294–2311.

  131. Zivot E, Andrews D, (1992) Further evidence of the great crash, the oil-price shock, and the unit root hypothesis. Journal of Business and Economic Statistics 10(3): 251–270.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Currency harmonisation in the Southern African Development Community: a pathway to addressing the PPP puzzle. (2025). Zonda, Joe Maganga ; Tarigan, Dinarti.
    In: Palgrave Communications.
    RePEc:pal:palcom:v:12:y:2025:i:1:d:10.1057_s41599-025-04496-6.

    Full description at Econpapers || Download paper

  2. Global perspective on the permanent or transitory nature of shocks to tourist arrivals: Evidence from new unit root tests with structural breaks and factors. (2024). Payne, James ; Lee, Junsoo.
    In: Tourism Economics.
    RePEc:sae:toueco:v:30:y:2024:i:1:p:67-103.

    Full description at Econpapers || Download paper

  3. Re-evaluating whether absolute or relative purchasing power parity is being tested when using price indices. (2023). Stewart, Chris.
    In: Economics Discussion Papers.
    RePEc:ris:kngedp:2023_001.

    Full description at Econpapers || Download paper

  4. .

    Full description at Econpapers || Download paper

  5. Persistence, seasonality, and fractional integration within a nonlinear framework: Evidence from US citizens€™ overseas travel. (2022). Payne, James ; Gil-Alana, Luis.
    In: Tourism Economics.
    RePEc:sae:toueco:v:28:y:2022:i:3:p:654-660.

    Full description at Econpapers || Download paper

  6. Convergence in per capita carbon footprint and ecological footprint for G7 countries: Evidence from panel Fourier threshold unit root test. (2022). yilanci, Veli ; solarin, sakiru ; Gorus, Muhammed Sehid.
    In: Energy & Environment.
    RePEc:sae:engenv:v:33:y:2022:i:3:p:527-545.

    Full description at Econpapers || Download paper

  7. Investigating the Stationarity Properties of Oil Consumption: an Empirical Analysis for OECD Countries. (2022). Kizilkaya, Fatma.
    In: Journal of Economic Policy Researches.
    RePEc:ist:iujepr:v:9:y:2022:i:1:p:121-137.

    Full description at Econpapers || Download paper

  8. Does the Foreign Trade-Driven Competitive Power of Transition Economies Converge Toward that of EU14 Countries? Evidence from Fourier Panel Unit Root Test with Sharp and Smooth Breaks. (2022). Ozcelik, Oguzhan.
    In: EKOIST Journal of Econometrics and Statistics.
    RePEc:ist:ekoist:v:0:y:2022:i:36:p:257-282.

    Full description at Econpapers || Download paper

  9. Industrial growth versus agricultural growth in eight post-communist countries. (2022). Irandoust, Manuchehr.
    In: Structural Change and Economic Dynamics.
    RePEc:eee:streco:v:62:y:2022:i:c:p:529-537.

    Full description at Econpapers || Download paper

  10. Renewable, non-renewable energy consumption and income in top ten renewable energy-consuming countries: Advanced Fourier based panel data approaches. (2022). PATA, Uğur ; Fareed, Zeeshan.
    In: Renewable Energy.
    RePEc:eee:renene:v:194:y:2022:i:c:p:805-821.

    Full description at Econpapers || Download paper

  11. Stock prices and economic activity nexus in OECD countries: new evidence from an asymmetric panel Granger causality test in the frequency domain. (2021). yilanci, Veli ; Özgür, Önder ; Gorus, Muhammed Sehid ; Ozgur, Onder.
    In: Financial Innovation.
    RePEc:spr:fininn:v:7:y:2021:i:1:d:10.1186_s40854-020-00221-1.

    Full description at Econpapers || Download paper

  12. EMPIRICAL STUDY ON ALTERNATIVES FOR SAVING AND INVESTING IN THE POSTPANDEMIC PERIOD. CASE STUDY: ROMANIA. (2021). Dinulescu, Ruxandra ; Pucheanu, Florin ; Bugheanu, Alexandru-Mihai.
    In: Business Excellence and Management.
    RePEc:rom:bemann:v:11:y:2021:i:5:p:27-40.

    Full description at Econpapers || Download paper

  13. Has the COVID-19 Pandemic Affected Maritime Connectivity? An Estimation for China and the Polar Silk Road Countries. (2021). Erokhin, Vasilii ; Khudzhatov, Mikail ; Tianming, Gao ; Arskiy, Aleksandr.
    In: Sustainability.
    RePEc:gam:jsusta:v:13:y:2021:i:6:p:3521-:d:521901.

    Full description at Econpapers || Download paper

  14. Time-Varying Convergences of Environmental Footprint Levels between European Countries. (2021). Erdoan, Seyfettin ; Yildirim, Seda ; Castanho, Rui Alexandre ; Demirta, Iil ; Couto, Gualter.
    In: Energies.
    RePEc:gam:jeners:v:14:y:2021:i:7:p:1813-:d:523501.

    Full description at Econpapers || Download paper

  15. Testing the persistence of shocks on renewable energy consumption: Evidence from a quantile unit-root test with smooth breaks. (2021). Ranjbar, Omid ; Lee, Chien-Chiang.
    In: Energy.
    RePEc:eee:energy:v:215:y:2021:i:pb:s0360544220322970.

    Full description at Econpapers || Download paper

  16. Stationarity Test of Renewable Energy Consumption with Fractional Frequency Fourier Unit Root Test: Evidence from BRICS-T Countries. (2021). Fendolu, Eda.
    In: Alphanumeric Journal.
    RePEc:anm:alpnmr:v:9:y:2021:i:1:p:99-110.

    Full description at Econpapers || Download paper

  17. An Alternative Version of Purchasing Power Parity. (2020). Frömmel, Michael ; Afat, Dinçer ; Frommel, Michael.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:25:y:2020:i:4:p:511-517.

    Full description at Econpapers || Download paper

  18. Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries. (2020). Erokhin, Vasilii ; Gao, Tianming.
    In: IJERPH.
    RePEc:gam:jijerp:v:17:y:2020:i:16:p:5775-:d:397098.

    Full description at Econpapers || Download paper

  19. Fourier nonlinear quantile unit root test and PPP in Africa. (2020). Ranjbar, Omid ; Chang, Tsangyao ; Bahmani-Oskooee, Mohsen ; Bahmanioskooee, Mohsen ; Niroomand, Farhang.
    In: Bulletin of Economic Research.
    RePEc:bla:buecrs:v:72:y:2020:i:4:p:451-481.

    Full description at Econpapers || Download paper

  20. Exchange Rate Uncertainty and the Demand for Money in Bangladesh: An Analysis of VECM Model. (2020). Selim, Muhaiminul Islam ; Smrity, Dilruba Yesmin.
    In: Asian Journal of Economic Modelling.
    RePEc:asi:ajemod:2020:p:241-247.

    Full description at Econpapers || Download paper

  21. Are shocks to natural gas consumption transitory or permanent? A more powerful panel unit root test on the G7 countries. (2019). Magazzino, Cosimo ; Cai, Yifei.
    In: Natural Resources Forum.
    RePEc:wly:natres:v:43:y:2019:i:2:p:111-120.

    Full description at Econpapers || Download paper

  22. Saving and investment causality: implications for financial integration in transition countries of Eastern Europe. (2019). Irandoust, Manuchehr.
    In: International Economics and Economic Policy.
    RePEc:kap:iecepo:v:16:y:2019:i:2:d:10.1007_s10368-017-0390-6.

    Full description at Econpapers || Download paper

  23. “Forecasting emerging market currencies: Are inflation expectations useful?”. (2019). Sosvilla-Rivero, Simon ; Fuertes, Alberto.
    In: IREA Working Papers.
    RePEc:ira:wpaper:201918.

    Full description at Econpapers || Download paper

  24. Wagner on government spending and national income: A new look at an old relationship. (2019). Irandoust, Manuchehr.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:41:y:2019:i:4:p:636-646.

    Full description at Econpapers || Download paper

  25. Militarism and globalization: Is there an empirical link?. (2018). Irandoust, Manuchehr.
    In: Quality & Quantity: International Journal of Methodology.
    RePEc:spr:qualqt:v:52:y:2018:i:3:d:10.1007_s11135-017-0525-4.

    Full description at Econpapers || Download paper

  26. Innovations and renewables in the Nordic countries: A panel causality approach. (2018). Irandoust, Manuchehr.
    In: Technology in Society.
    RePEc:eee:teinso:v:54:y:2018:i:c:p:87-92.

    Full description at Econpapers || Download paper

  27. UNEMPLOYMENT HYSTERESIS IN PIIGS COUNTRIES: A NEW TEST WITH BOTH SHARP AND SMOOTH BREAKS. (2017). Ranjbar, Omid ; Chang, Tsangyao ; Li, Jing-Ping.
    In: The Singapore Economic Review (SER).
    RePEc:wsi:serxxx:v:62:y:2017:i:05:n:s0217590815500782.

    Full description at Econpapers || Download paper

  28. Revisiting purchasing power parity in Eastern European countries: quantile unit root tests. (2017). Chang, Tsangyao ; Bahmani-Oskooee, Mohsen ; Chen, Tsung-Hsien ; Tzeng, Han-Wen.
    In: Empirical Economics.
    RePEc:spr:empeco:v:52:y:2017:i:2:d:10.1007_s00181-016-1099-z.

    Full description at Econpapers || Download paper

  29. Current Account Sustainability in G7 and BRICS: Evidence from a Long Memory Model with Structural Breaks. (2017). GUPTA, RANGAN ; Gil-Alana, Luis ; Chang, Tsangyao ; André, Christophe ; Andre, Christophe.
    In: Working Papers.
    RePEc:pre:wpaper:201705.

    Full description at Econpapers || Download paper

  30. Purchasing Power Parity in the 34 OECD Countries: Evidence from Quantile-Based Unit Root Tests with both Smooth and Sharp Breaks. (2017). Bahmani-Oskooee, Mohsen ; Wu, Tsung-Pao.
    In: MPRA Paper.
    RePEc:pra:mprapa:81820.

    Full description at Econpapers || Download paper

  31. Quantile unit root test and PPP: evidence from 23 OECD countries. (2016). Ranjbar, Omid ; Bahmani-Oskooee, Mohsen.
    In: Applied Economics.
    RePEc:taf:applec:v:48:y:2016:i:31:p:2899-2911.

    Full description at Econpapers || Download paper

  32. Panel asymmetric nonlinear unit root test and PPP in Africa. (2016). Chang, Tsangyao ; Bahmani-Oskooee, Mohsen ; Lee, Kuei-Chiu.
    In: Applied Economics Letters.
    RePEc:taf:apeclt:v:23:y:2016:i:8:p:554-558.

    Full description at Econpapers || Download paper

  33. Testing the Efficiency of the Wine Market using Unit Root Tests with Sharp and Smooth Breaks. (2016). Chang, Tsangyao ; Gupta, Rangan.
    In: Working Papers.
    RePEc:pre:wpaper:201664.

    Full description at Econpapers || Download paper

  34. Testing the Efficiency of the Art Market using Quantile-Based Unit Root Tests with Sharp and Smooth Breaks. (2016). Wohar, Mark ; GUPTA, RANGAN ; Chang, Tsangyao ; Chen, Wen-Yi ; Aye, Goodness C.
    In: Working Papers.
    RePEc:pre:wpaper:201625.

    Full description at Econpapers || Download paper

  35. A new approach to energy consumption per capita stationarity: Evidence from OECD countries. (2016). Ozcan, Burcu ; Ozturk, Ilhan.
    In: Renewable and Sustainable Energy Reviews.
    RePEc:eee:rensus:v:65:y:2016:i:c:p:332-344.

    Full description at Econpapers || Download paper

  36. Purchasing power parity in emerging markets: A panel stationary test with both sharp and smooth breaks. (2016). Chang, Tsangyao ; Bahmani-Oskooee, Mohsen ; Lee, Kuei-Chiu.
    In: Economic Systems.
    RePEc:eee:ecosys:v:40:y:2016:i:3:p:453-460.

    Full description at Econpapers || Download paper

  37. Purchasing Power Parity in Transition Countries: Panel Stationary Test with Smooth and Sharp Breaks. (2015). Chang, Tsangyao ; Bahmani-Oskooee, Mohsen ; Wu, Tsung-Pao.
    In: IJFS.
    RePEc:gam:jijfss:v:3:y:2015:i:2:p:153-161:d:49776.

    Full description at Econpapers || Download paper

  38. Purchasing Power Parity and the Law of One Price: Evidence from Commodity Prices in Asian Countries. (2015). Bahmani-Oskooee, Mohsen ; Abm, Nasir .
    In: Global Economy Journal.
    RePEc:bpj:glecon:v:15:y:2015:i:2:p:231-240:n:2.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-04 06:15:45 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.