Chang, Chia-Lin; McAleer, Michael; Lim, Christine - Department of Economics and Finance, College of … - 2010
This paper estimates the effects of short and long haul volatility (or risk) in monthly Japanese tourist arrivals to … use symmetric and asymmetric conditional volatility models that are commonly used in financial econometrics, namely the … volatility estimates for the monthly growth in Japanese tourists to New Zealand and Taiwan are different, and indicate that the …