Does migration fear affect tourism demand? Evidence from instrumental variable cointegration test
Emrah Koçak and
Ali Yucel
Tourism Economics, 2023, vol. 29, issue 7, 1954-1959
Abstract:
Migration and migration-caused concerns and uncertainties have been rising dramatically in recent years at the global level. However, our knowledge of the impact of migration-related concerns on tourism is limited. To address this gap, we estimate the impact of the US migration fears on tourist arrivals from Western Europe to the US using a tourism demand model. The paper employs a new robust cointegration approach with instrumental variables. Our estimates suggest that tourists from Western Europe have a negative and significant long-term response to the fear of migration in the US. The results show that migration-related concerns are constraints on the development of the tourism industry in the US.
Keywords: migration fear; tourism demand; instrumental variables; tourist arrivals; cointegration (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:29:y:2023:i:7:p:1954-1959
DOI: 10.1177/13548166221128078
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