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dc.contributor.authorBhattacharya, Mita
dc.contributor.authorNarayan, Paresh
dc.date.accessioned2017-05-03T14:34:46Z
dc.date.available2017-05-03T14:34:46Z
dc.date.issued2005
dc.identifier.issn00036846
dc.identifier.doi10.1080/00036840500109332
dc.identifier.urihttp://hdl.handle.net/10072/4492
dc.description.abstractTesting for the random walk hypothesis, which asserts that a series is a non-stationary process or a unit root process, in the case of visitor arrivals has important implications for policy. If, for instance, visitor arrivals are characterized by a unit root, then it implies that shocks to visitor arrivals are permanent. However, if visitor arrivals are without a unit root, this implies that shocks to visitor arrivals are temporary. This study provides evidence on the random walk hypothesis for visitor arrivals to India using the recently developed Im et al. (2003) and Maddala and Wu (1999) panel unit root tests. Both tests allow one to reject the random walk hypothesis, implying that shocks to visitor arrivals to India from the 10 major source markets have a temporary effect on visitor arrivals.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge: Taylor and Francis Group
dc.publisher.placeLONDON
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1485
dc.relation.ispartofpageto1490
dc.relation.ispartofjournalAPPLIED ECONOMICS
dc.relation.ispartofvolume37
dc.rights.retentionY
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1403
dc.subject.fieldofresearchcode1502
dc.titleTesting for the Random Walk Hypothesis in the case of Visitor Arrivals: Evidence from Indian Tourism
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2015-02-11T04:03:11Z
gro.hasfulltextNo Full Text
gro.griffith.authorNarayan, Paresh


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