The Impact of Covid 19 Pandemic on the Tourism and Transportation Sectors: Evidence From Borsa Istanbul
Year: 2025
Type: article
Abstract: The Covid-19 pandemic is recognized as one of the most important pandemics of the last century and has led to a global recession and decline, affecting all sectors in different ways. In this study, volatility spillovers between variables are analyzed. In this context, Covid daily case count, volatility spillovers between Borsa Istanbul tourism and transportation indices are examined with the EGARCH model using daily data covering the period 15 March 2020- 31 May 2022. According to the results of the conditional variance equation derived from the EGARCH model, it is determined that there is a volatility spillover from the Covid variable to the tourism and transport indices, but this volatility interaction is not asymmetric and positive and negative shocks do not have any effect on the volatility of these indices.
Source: Ekonomi Maliye İşletme Dergisi
Authors: İbrahim Halil Uçar, Erkan Alsu
Institution: Gaziantep University
Language: English
Topic: COVID-19 Pandemic Impacts
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4412371170