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Gambling fever has hit South Korea in a major way with the arrival of the nation’s initially casino for locals. The tourism and hospitality business has usually been but has now come to be nonetheless extra, susceptible to disasters, crises and shocks. Considering the fact that MERS is nevertheless in its somewhat early stages, its impact on tourism has so far been fairly moderate. Nonetheless, policymakers need to gain an understanding of how MERS-like crises have an effect on tourism. Our VAR system incorporates dummy variables for essential historic events and big vacation events as exogenous variables. How lots of...