Market fear, investor mood, sentiment, economic uncertainty and tourism sector in the United States amid COVID-19 pandemic: A spillover analysis

Faisal Nazir Zargar and Dilip Kumar

Tourism Economics, 2023, vol. 29, issue 2, 551-558

Abstract: The study investigates and confirms the spillover effects from investor fear, mood, sentiment and uncertainty to the US tourism sector returns. The findings indicate that market fear, investor mood and sentiment are net transmitter of shocks and economic uncertainty and the tourism sector is net receiver of shocks. We also provide evidence that media-hype, infodemic, media-coverage related to COVID-19 and infectious disease equity market volatility impacts the total and directional spillover of information from fear, mood, sentiment and uncertainty to the tourism sector.

Keywords: Investor fear; investor mood; investor sentiment; economic policy uncertainty; tourism sector; COVID-19 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:29:y:2023:i:2:p:551-558

DOI: 10.1177/13548166211052803

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