Do geopolitical risks matter for inbound tourism?

Ender Demir; Giray Gozgor; Sudharshan Reddy Paramati

doi:10.1007/s40821-019-00118-9

Do geopolitical risks matter for inbound tourism?

Ender Demir (Lead / Corresponding author), Giray Gozgor, Sudharshan Reddy Paramati

Research output: Contribution to journal › Article › peer-review

73 Citations (Scopus)

521 Downloads (Pure)

Abstract

This paper aims to analyze the impact of geopolitical risks measured by a new index of geopolitical risk (GPR) on inbound tourism. For this purpose, we use the fixed-effects and the least squares dummy variable corrected estimations for panel data of 18 countries for the period from 1995 to 2016. We find that geopolitical risks negatively affect inbound tourism. We also implement various robustness checks, such as introducing control variables, considering the lagged effect of the GPR, and utilizing different econometric techniques.

Original language	English
Pages (from-to)	183-191
Number of pages	9
Journal	Eurasian Business Review
Volume	9
Issue number	2
Early online date	17 Jan 2019
DOIs	https://doi.org/10.1007/s40821-019-00118-9
Publication status	Published - Jun 2019

Keywords

Developing economies
Geopolitical risks
Inbound tourism
Panel data estimation techniques
Tourism demand

ASJC Scopus subject areas

General Business,Management and Accounting
Economics, Econometrics and Finance (miscellaneous)

Access to Document

10.1007/s40821-019-00118-9

Author Accepted Manuscript
This is a post-peer-review, pre-copyedit version of an article published in Eurasian Business Review. The final authenticated version is available online at: https://doi.org/10.1007/s40821-019-00118-9.
Accepted author manuscript, 334 KB

Cite this

@article{6adb5d919346416591044479bd1f6673,

title = "Do geopolitical risks matter for inbound tourism?",

abstract = "This paper aims to analyze the impact of geopolitical risks measured by a new index of geopolitical risk (GPR) on inbound tourism. For this purpose, we use the fixed-effects and the least squares dummy variable corrected estimations for panel data of 18 countries for the period from 1995 to 2016. We find that geopolitical risks negatively affect inbound tourism. We also implement various robustness checks, such as introducing control variables, considering the lagged effect of the GPR, and utilizing different econometric techniques.",

keywords = "Developing economies, Geopolitical risks, Inbound tourism, Panel data estimation techniques, Tourism demand",

author = "Ender Demir and Giray Gozgor and Paramati, {Sudharshan Reddy}",

year = "2019",

month = jun,

doi = "10.1007/s40821-019-00118-9",

language = "English",

volume = "9",

pages = "183--191",

journal = "Eurasian Business Review",

issn = "1309-4297",