Hoti, Suhejla; Shareef, Riaz; McAleer, Michael - School of Business, Edith Cowan University - 2005
country risk. This paper provides a comparison of tourism growth, country risk returns and their associated volatilities (or … composite country risk ratings compiled by the International Country Risk Guide (ICRG) for the period May 1986 to May 2002. The … time-varying conditional variances of tourism growth and country risk returns for the 2 SITEs are analysed using …