Earticle

초록

영어

This paper examines the effect of exchange rate volatility on international tourism demand in South Korea using econometric models. The empirical results show that the exchange rate volatility is a determinant factor in the fluctuation of South Korea’s inbound international tourism demand and affects different tourist behavioral intentions from the studied countries. As a result researchers but most importantly policymakers should pay close attention to exchange rates when implementing policies designed to stimulate tourism. This research has significant both theoretical and practical implications as it helps to understand the effect of exchange rates on South Korea's international tourism demand and provides a complementary academic approach to evaluating the role of exchange rates in tourist behavioral intention.

목차

ABSTRACT
Ⅰ. Introduction
Ⅱ. Literature Review
2.1. Travel Decision-Making
2.2 Exchange Rates and Tourism Demand
Ⅲ. Research Method
3.1 Data Description
3.2 Empirical Approach
Ⅳ. Results
4.1 Results of Unit Root Test
4.2 VAR Model Analysis
4.3 Impulse Response Analysis
Ⅴ. Discussion
5.1 Theoretical Implications
5.2 Practical Implications
Ⅵ. Limitations and Future Research
References

저자

• Siyu Zhang [ Visiting Professor, Department of Global Hospitality Management, Kyungsung University ]
• Wiijoo Yhang [ Professor, Department of Business Administration, Pukyong National University ] Corresponding Author

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