초록 열기/닫기 버튼
Purpose – This study aims to estimate the magnitude and recovery duration of the damage caused by the level of the spread of infectious disease and the response of national policy to prevent the spread of infectious disease on the types of tourism consumption expenditure under COVID-19 pandemic. Research Design, data, and methodology – The research design for this study is designed to examine the impact of spread level of COVID-19 and level of country’s response to prevent the spread of COVID-19 by using VARX and impulse response analysis. The data used for this study were daily time-series data from January 1, 2020, to December 31, 2022. Result – The empirical results showed that the impact of both the number of COVID-19 confirmed patients and C&H index were found to have a relatively greater impact on food and beverage, shopping, and transportation spending compared to accommodation and travel service spending. In addition, the impulse response function of the C&H index shows that the recovery durations for C&H index on the tourism expenditure reduction impact are more longer than COVID-19 confirmed cases impact. Conclusions – This study provides important information on changes in domestic tourism consumption under the event of a greater-than-expected impact on the level of the spread of COVID-19 and the national response to prevent the spreads of COVID-19.
키워드열기/닫기 버튼
National Policy, Tourism Expenditure, COVID-19, Impulse Response Analysis
