• The influence of economic policy uncertainty and geopolitical risk on U.S. citizens overseas air passenger travel by regional destination

      Apergis, Nicholas; Payne, James; University of Derby; University of Texas at El Paso (SAGE, 2020-12-22)
      This research note extends the literature on the role of economic policy uncertainty and geopolitical risk on U.S. citizens overseas air travel through the examination of the forecast error variance decomposition of total overseas air travel and by regional destination. Our empirical findings indicate that across regional destinations U.S. economic policy uncertainty explains more of the forecast error variance of U.S. overseas air travel followed by geopolitical risk with global economic policy uncertainty explaining a much smaller percentage of the forecast error variance.