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Abstract
This article aims at examining the relationship between economic policy uncertainty and tourism activities in Portugal, Ireland, Italy, Greece, and Spain using a three-dimensional wavelet analysis. Empirical results display that the relationships among the variables evolve through time and frequencies. The study finding reveals strong evidence of the relationships between these variables in terms of time domains. From the perspective of frequency domains, significant wavelet coherence and strong lead-lag relationships change over time are displayed in this study, indicating low to high frequency cycles over the whole sample period.
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