Do neighbouring countries encourage the demand of international business tourism?

Carvalho Pedro (), Miguel Márquez and Díaz Montserrat
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Carvalho Pedro: School of Technology and Management, Polytechnic Institute of Viana do Castelo, Portugal
Díaz Montserrat: Faculty of Economics and Business Administration, University of Extremadura, Spain

European Journal of Tourism, Hospitality and Recreation, 2016, vol. 7, issue 3, 156-167

Abstract: This paper aims at determining the factors that influence the growth of international business tourism and understanding whether the demand growth of business tourism spreads across neighbouring countries. For the development of the empirical research, data has been collected from a sample of 136 countries worldwide, and spatial econometric techniques have been used. Evidence that supports the idea that the main factors related to the increase in incomes of business tourism are the private investment on tourism assets, the leisure tourism and the trade openness in relation to the outside world is presented. This study also reveals that the demand of business tourism in a country is not contagious, that is, the demand varies neither with the demand of its neighbours nor with their exogenous characteristics. The results have important implications for the choice of tourism policy goals at national levels and the corresponding policy instruments.

Keywords: Planning policy; Economic growth; Contagion effects; Business tourism; Convention tourism (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ejothr:v:7:y:2016:i:3:p:156-167:n:2

DOI: 10.1515/ejthr-2016-0018

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