Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors

Simplice Asongu, Joseph Nnanna, Nicholas Biekpe and Paul Acha-Anyi

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB regressions from which the following main findings are established. First, political instability, violent demonstrations and number of homicides negatively affect tourist arrivals while the number of incarcerations positively influences the outcome variable. Second the effects from military expenditure, “armed service personnel” and “security officers and polices” are not positively significant. Managerial implications are discussed.

Keywords: Terrorism; Peace; Tourism; Generalised Method of Moments; Negative Binomial Regressions; Military expenditure; Armed service personnel; Security officers and polices; Drivers and Panel data (search for similar items in EconPapers)
JEL-codes: C52 D74 (search for similar items in EconPapers)
Date: 2018-01
New Economics Papers: this item is included in nep-tur
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Citations: View citations in EconPapers (19)

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Related works:
Working Paper: Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors (2018)
Working Paper: Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors (2018)
Working Paper: Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91996

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