 Exploring the Impact of Political Stability and Climate Change on Inbound Tourism Demand: Evidence from Dynamic Panel Data AnalysisA chapter in Regional Science Perspectives on Tourism and Hospitality, 2021, pp 403-419 from Springer Abstract: Abstract By employing the dynamic panel generalised method of moments (GMM), the present study attempts to investigate empirically how inbound tourism demand in Malaysia from 45 tourism source countries responds to income, prices, political stability, climate change and word-of-mouth. Despite the widely researched demand for inbound tourism in Malaysia, the role of political stability and climate changes has received little attention. Hence, it is essential to estimate the demand behaviour of inbound tourism in Malaysia. We find that both economic factors, namely income and prices, explain tourism demand, and they also demonstrate the expected positive and negative relationships, respectively. Based on the findings of the present study, we find that political stability and climate change provide a significant impact on tourism demand in Malaysia. Based on these findings, some relevant policies are recommended. Keywords: Climate change; GMM; Malaysia; Political stability; Tourism demand (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-030-61274-0_20 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-61274-0_20 Access Statistics for this chapter More chapters in Advances in Spatial Science from Springer |
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