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Dergiler / Fiscaoeconomia / 2023 / Cilt: 7 Sayı: 2

Causality Relationship Between Global Risk Indicators and BIST-Tourism Index

Esra SOYU YILDIRIM
Sayfa
1429–1444
Yayın Tarihi
2023-05-25
DOI
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

These results show that the shocks are permanent.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:The aim of the study is to examine the causal relationship between the VIX index, oil price, dollar index, and BIST-Tourism index in the context of the global EPU between February 1997 and September 2022.
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Temel Bulgular & Veri:To achieve this aim, the Fourier Toda Yamamoto (TY) causality test and the fractional Fourier TY causality test were used.
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Sonuç & Katkı:These results show that the shocks are permanent.
🔬Tür:Araştırma Makalesi
📍Kapsam:2022 Verileri
⚙️Değişkenler:Global EPU ındex · Fourier Toda-Yamamoto · BIST-Tourism

Abstract

The aim of the study is to examine the causal relationship between the VIX index, oil price, dollar index, and BIST-Tourism index in the context of the global EPU between February 1997 and September 2022. To achieve this aim, the Fourier Toda Yamamoto (TY) causality test and the fractional Fourier TY causality test were used. The Fourier TY causality test results show that there is a one-way causative relationship between the dollar index and the BIST-Tourism index, between the VIX index and the global EPU index, and between the dollar index and oil price. In addition, it is seen that there is a bidirectional causal relationship between the dollar index and the global EPU index. According to the results obtained from the fractional Fourier TY causality test, there is a bidirectional causal relationship between BIST-tourism and global EPU and between BIST-tourism and oil price. In addition, a one-way causality relationship was found from the VIX index to the BIST-Tourism index, from the dollar index to the BIST-Tourism index, from the global EPU to the VIX index, and from the oil price to the dollar index. These results show that the shocks are permanent.

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Bu Makaleye Atıf Yap

YILDIRIM, E. S. (2023). Causality Relationship Between Global Risk Indicators and BIST-Tourism Index. Fiscaoeconomia, Cilt: 7 Sayı: 2, 1429–1444. https://ajindex.com/articles/945108

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Kaynakça (12)

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