Tourism management synergies in Sub-Saharan Africa

Simplice Asongu, Mushfiqur Rahman (), Richard Adu-Gyamfi () and Raufhon Salahodjaev
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Mushfiqur Rahman: University of Wales Trinity Saint David, UK
Richard Adu-Gyamfi: Mo Ibrahim Fellow, International Trade Centre

No 22/059, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate the incidence of some macroeconomic factors (i.e. domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub-Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in modulating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously.

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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http://publications.excas.org/RePEc/exs/exs-wpaper ... b-Saharan-Africa.pdf Revised version, 2022 (application/pdf)

Related works:
Journal Article: Tourism management synergies in Sub‐Saharan Africa (2024)
Working Paper: Tourism management synergies in Sub-Saharan Africa (2022)
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