文章基本信息

标题：Tourism Development and Real Effective Exchange Rate Revisited by Wavelet based Analysis: Evidence from France
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作者：Arshian Sharif ; Sahar Afshan
期刊名称：Journal of Finance & Economics Research
印刷版ISSN：2415-2463
电子版ISSN：2415-2455
出版年度：2016
卷号：1
期号：2
页码：104-121
DOI：10.20547/jfer1601203
出版社：Geist Science
摘要：This research scrutinizes the empirical association of tourism development (TD) and real effective exchange rate (ER) in high tourist arrival economy; France by wavelet transform context. This innovative technique allows the decomposition of time-sequence at diverse time frequencies. We applied continuous wavelet, wavelet coherence power spectrum and wavelet based Granger causality analysis to explore the connection between TD and ER by using the monthly data from 1996(1)-2015(8). Outcomes show that there is a unidirectional causal impact from TD to ER in short run and also a bidirectional causal influence of TD on ER in medium and long run in France. Thus, it can be recommended that government needs to increase and promote tourism demand and further nurturing and providing the expansion of tourism resources.
关键词：Wavelet analysis; continuous wavelet transform; wavelet coherence; tourism development; France.