Law, Political Stability, Tourism Management and Economic Development in Sub-Saharan Africa

Simplice Asongu, Mushfiqur Rahman () and Joseph Nnanna ()
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Mushfiqur Rahman: University of Wales Trinity Saint David, UK
Joseph Nnanna: Abuja, Nigeria

No 22/038, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: This study complements the extant literature by assessing how the rule of law and political stability modulate tourism development dynamics (i.e. tourism receipts and tourism expenditure) to affect economic development in terms of gross domestic product (GDP) per capita. The study focuses on 47 countries in sub-Saharan Africa (SSA) with data for the period 2002 to 2018 and the empirical evidence is based on the Generalized Method of Moments. The study finds that: (i) the rule of law modulates both tourism receipts and tourism expenditure for overall positive effects on economic development and (ii) political stability modulates tourism receipts for an overall positive impact on economic development. Policy implications are discussed.

Keywords: Tourism Management; Economic Growth; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: O10 O40 Z3 Z32 (search for similar items in EconPapers)
Pages: 23
Date: 2022-01
New Economics Papers: this item is included in nep-tur
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Forthcoming: Current Issues in Tourism

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http://publications.excas.org/RePEc/exs/exs-wpaper ... -Development-SSA.pdf Revised version, 2022 (application/pdf)

Related works:
Journal Article: Law, political stability, tourism management and economic development in sub-Saharan Africa (2023)
Working Paper: Law, Political Stability, Tourism Management and Economic Development in Sub-Saharan Africa (2022)
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