Preferences and Tourism Development under Uncertainty: An Empirical Study

Zhou Lu, Haiwei Li, Chi Keung Lau and Aliyu Buhari Isah
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Zhou Lu: Zhejiang Yuexiu University of Foreign Language, Dongpuzhen Qunxian Middle Road No. 2801, Shaoxing 312000, China
Haiwei Li: School of Economics, Tianjin University of Commerce, Tianjin 300134, China
Aliyu Buhari Isah: Huddersfield Business School, University of Huddersfield, Huddersfield HD1 3DH, UK

Sustainability, 2021, vol. 13, issue 5, 1-9

Abstract: Using the Global Preferences Survey dataset, this paper examines the effects of six measures of preferences (altruism, negative reciprocity, patience, positive reciprocity, risk-taking, and trust) on the per capita international tourist arrivals and the per capita incoming tourist receipts. The data focus on 74 countries for the period from 1995 to 2019. The paper finds that citizens’ trust is positively related to tourism development, and its impact is statistically significant. This evidence indicates that a country with a higher level of trust in other nations’ people attracts more tourists and generates higher tourism receipts.

Keywords: sustainable tourism; inbound tourism; tourist receipts; tourists’ preferences; trust; uncertainty (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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