Threshold effects during the COVID-19 pandemic crisis: evidence from international tourist destinations
CURRENT ISSUES IN TOURISM(2022)
Abstract
The empirical analysis employs a static threshold model using a daily dataset over the six months from the first confirmed European COVID-19 case (25 January 2020). The results indicate that the investigated relationship is non-monotonic ('U-shaped') depending on the intensity of the lockdown measures proxied by the Coronavirus Government Response Tracker Index (CGR).
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Key words
Hotel industry, COVID-19, sustainability, social distancing, threshold model
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