The Fundamental Equation in Tourism Finance

Journal of Risk and Financial Management

Michael McAleer¹ 

[1] Department of Quantitative Finance, National Tsing Hua University, Hsinchu 30013, Taiwan;

关键词: tourism research;    tourism finance;    growth in tourism;    returns on tourism;    volatility;    fundamental equation;    empirical finance;    financial econometrics;   

DOI  :  10.3390/jrfm8040369

来源: DOAJ

【 摘 要 】

The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to empirical finance and financial econometrics. The energy industry, which includes, oil, gas and bio-energy fuels, together with the tourism industry, are two of the most important industries in the world today in terms of employment and generating income. The primary purpose in attracting domestic and international tourists to a country, region or city is to maximize tourism expenditure.The paper will concentrate on daily tourism expenditure, regardless of whether such data might be readily available. If such data are not available, a practical method is presented to calculate the appropriate data.

【 授权许可】

Unknown