Impact of Terrorist Incidents on Tourism in Africa, the Middle East, and South Asia: A Dynamic Heterogeneous Panel Approache

Ugur Gok () and Ikechukwu Nwaka
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Ugur Gok: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Opletalova 21, 110 00, Prague, Czech Republic
Ikechukwu Nwaka: Department of Economics, Girne American University (GAU), North Cyprus, Turkey

No 2019/38, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: Africa, the Middle East, and South Asian countries have been attracting the lowest number of tourists in recent decades and consequently, have the lowest share from the tourism industry. In this research paper, we investigated whether the aforementioned regions’ poor performance in the tourism industry is due to growing terrorism in the region. Our results indicate that terrorism plays a deterrent role in the tourist’s decision-making process for traveling to those countries. By using both the cross-sectional augmented distributed lag (CS-DL) and the cross-sectional ARDL (CS-ARDL) estimators, we found that there is a significant negative impact of terrorism on tourism.

Keywords: tourism; terrorism; CS-ARDL; CS-DL; cross-sectional dependence (search for similar items in EconPapers)
JEL-codes: C33 D74 H56 L83 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2019-12, Revised 2019-12
New Economics Papers: this item is included in nep-ara, nep-ore and nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:fau:wpaper:wp2019_38

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