THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL
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, volatil...
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| Format: | Article |
| Language: | English |
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Adil AKINCI
2025-06-01
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| Series: | Ekonomi Maliye İşletme Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/4260583 |
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| author | Erkan Alsu İbrahim Halil Uçar |
| author_facet | Erkan Alsu İbrahim Halil Uçar |
| author_sort | Erkan Alsu |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-1703f7d30cce461cb3369dd81394ceec |
| institution | DOAJ |
| issn | 2667-4378 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Adil AKINCI |
| record_format | Article |
| series | Ekonomi Maliye İşletme Dergisi |
| spelling | doaj-art-1703f7d30cce461cb3369dd81394ceec2025-08-20T03:17:13ZengAdil AKINCIEkonomi Maliye İşletme Dergisi2667-43782025-06-01819111110.46737/emid.15606051369THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBULErkan Alsu0https://orcid.org/0000-0001-6102-1786İbrahim Halil Uçarhttps://orcid.org/0000-0002-6046-1285Gaziantep ÜniversitesiThe 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.https://dergipark.org.tr/tr/download/article-file/4260583covidtourismtransportation indexegarchcovidturizmulaştırmaegarch |
| spellingShingle | Erkan Alsu İbrahim Halil Uçar THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL Ekonomi Maliye İşletme Dergisi covid tourism transportation index egarch covid turizm ulaştırma egarch |
| title | THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL |
| title_full | THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL |
| title_fullStr | THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL |
| title_full_unstemmed | THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL |
| title_short | THE IMPACT OF COVID 19 PANDEMIC ON THE TOURISM AND TRANSPORTATION SECTORS: EVIDENCE FROM BORSA ISTANBUL |
| title_sort | impact of covid 19 pandemic on the tourism and transportation sectors evidence from borsa istanbul |
| topic | covid tourism transportation index egarch covid turizm ulaştırma egarch |
| url | https://dergipark.org.tr/tr/download/article-file/4260583 |
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