 Does the level of a country's resilience moderate the link between the tourism industry and the economic policy response to the COVID-19 pandemic?Luke Okafor, Usman Khalid and Katarzyna Burzynska Current Issues in Tourism, 2022, vol. 25, issue 2, 303-318 Abstract: This study examines whether the level of a country's resilience to shocks moderates the link between the size of the tourism industry and the economic policy response to the COVID-19 pandemic using data from 113 countries. The findings suggest that countries with large tourism sectors responded more aggressively by using economic stimulus packages to mitigate the impact of the COVID-19 pandemic; however, the impact of the tourism sector is moderated by the country's resilience to shocks. The study also finds that both high level of economic resilience and high level of risk quality of a country moderate the link between the tourism sector and the economic policy response to the COVID-19 pandemic. The findings of the study suggest that tourism businesses in high resilient countries are better prepared to cope with the disruptive challenges posed by the COVID-19 pandemic and thus needed less assistance from governments. Improving a country's resilience to shocks is an important strategy to minimize the impact of future negative shocks in the tourism sector. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:rcitxx:v:25:y:2022:i:2:p:303-318 Ordering information: This journal article can be ordered from DOI: 10.1080/13683500.2021.1956441 Access Statistics for this article Current Issues in Tourism is currently edited by Jennifer Tunstall More articles in Current Issues in Tourism from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.