Multilateral Political Effects on Outbound Tourism

Bo Zhou (), Ying Zhang and Peng Zhou
Additional contact information
Bo Zhou: School of Management, Xiamen University, China
Ying Zhang: School of Management, Xiamen University, China

No E2021/2, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: To capture the role of politics in tourism, we propose a novel measure to quantify political relations based on text analysis of published diplomatic statements. We explain how political relations affect outbound tourist flows from China to Japan and Korea. Estimated on monthly data (1997m1-2018m12), our model shows how China-Japan disputes affect tourist flows to Korea and how China-Korea clashes influence the number of Chinese tourists going to Japan. The political effects are estimated to peak after three months, but half of the effects vanish in six months. We also observe asymmetries in the political effects the tourists respond more to negative political shocks than to positive ones, and more to territorial disputes than to war history disputes.

Keywords: political relation; outbound tourism; China; multilateral interdependence. (search for similar items in EconPapers)
Pages: 31 pages
Date: 2021-02
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://carbsecon.com/wp/E2021_2.pdf Main Text (application/pdf)
http://carbsecon.com/wp/E2021_2_supp.pdf Supplementary Materials (application/pdf)

Related works:
Journal Article: Multilateral political effects on outbound tourism (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdf:wpaper:2021/2

Access Statistics for this paper

More papers in Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section Contact information at EDIRC.
Bibliographic data for series maintained by Yongdeng Xu ().