Multilateral political effects on outbound tourism

Bo Zhou, Ying Zhang and Peng Zhou

Annals of Tourism Research, 2021, vol. 88, issue C

Abstract: To capture the role of politics in tourism, we propose a novel measure to quantify political relations based on text analysis of published diplomatic statements. We explain how political relations affect outbound tourist flows from China to Japan and Korea. Estimated on monthly data (1997m1-2018m12), our model shows how China-Japan disputes affect tourist flows to Korea and how China-Korea clashes influence the number of Chinese tourists going to Japan. The political effects are estimated to peak after three months, but half of the effects vanish in six months. We also observe asymmetries in the political effects—the tourists respond more to negative political shocks than to positive ones, and more to territorial disputes than to war history disputes.

Keywords: Political relation; Outbound tourism; China; Multilateral interdependence (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Working Paper: Multilateral Political Effects on Outbound Tourism (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:88:y:2021:i:c:s0160738321000463

DOI: 10.1016/j.annals.2021.103184

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