Economic Policy Uncertainty Hurts Tourism in G7 Countries, Study Finds.
The study looked at how economic policy uncertainty and world uncertainty affect tourism in G7 countries. By using a special method called quantile-on-quantile regression, the researchers found that higher uncertainty has a stronger impact on tourism. Economic policy uncertainty tends to decrease tourism, while world uncertainty has a negative effect as well. However, there are some positive effects of world uncertainty on tourism in certain situations. The impact varies across different countries due to their unique characteristics and economic situations.